NetSol Technologies (NASDAQ:NTWK) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research report report published on Tuesday morning. The brokerage issued a buy rating on the software maker’s stock.

NetSol Technologies Stock Performance

NTWK stock opened at $2.63 on Tuesday. NetSol Technologies has a 12-month low of $1.99 and a 12-month high of $3.34. The business’s 50-day moving average is $2.68 and its 200 day moving average is $2.79. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.01. The stock has a market cap of $30.19 million, a price-to-earnings ratio of 37.57 and a beta of 1.06.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NetSol Technologies stock. Geode Capital Management LLC increased its holdings in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,386 shares of the software maker’s stock after acquiring an additional 5,882 shares during the quarter. Geode Capital Management LLC owned about 0.73% of NetSol Technologies worth $238,000 at the end of the most recent reporting period. 16.02% of the stock is owned by institutional investors and hedge funds.

About NetSol Technologies

NetSol Technologies, Inc designs, develops, markets, and exports enterprise software solutions to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry.