NetSol Technologies (NASDAQ:NTWK) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating on the software maker’s stock.

NetSol Technologies Trading Down 1.7 %

NetSol Technologies stock opened at $2.30 on Thursday. The company has a fifty day simple moving average of $2.49 and a 200-day simple moving average of $2.70. The stock has a market cap of $26.84 million, a P/E ratio of -32.85 and a beta of 1.01. NetSol Technologies has a 12-month low of $2.25 and a 12-month high of $3.34.

NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $15.54 million for the quarter. NetSol Technologies had a negative return on equity of 2.11% and a negative net margin of 1.34%.

Hedge Funds Weigh In On NetSol Technologies

Several hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of NetSol Technologies by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock worth $238,000 after buying an additional 5,882 shares during the last quarter. Perritt Capital Management Inc raised its stake in NetSol Technologies by 142.3% during the 4th quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock worth $131,000 after acquiring an additional 29,361 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in NetSol Technologies by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock worth $286,000 after acquiring an additional 4,199 shares in the last quarter. Topline Capital Management LLC acquired a new position in NetSol Technologies in the fourth quarter valued at $1,351,000. Finally, Squarepoint Ops LLC purchased a new position in shares of NetSol Technologies during the fourth quarter worth about $28,000. 16.02% of the stock is currently owned by hedge funds and other institutional investors.

NetSol Technologies Company Profile

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.