NetSol Technologies (NASDAQ:NTWK) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note released on Friday morning. The firm issued a buy rating on the software maker’s stock.

NetSol Technologies Stock Performance

Shares of NTWK opened at $2.27 on Friday. The stock has a market capitalization of $26.49 million, a P/E ratio of -32.42 and a beta of 0.89. NetSol Technologies has a 1 year low of $2.14 and a 1 year high of $3.34. The company’s fifty day moving average is $2.43 and its two-hundred day moving average is $2.67.

NetSol Technologies (NASDAQ:NTWK) last issued its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.10) earnings per share (EPS) for the quarter. The firm 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%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NTWK. Wolverine Trading LLC grew its stake in shares of NetSol Technologies by 184.8% during the 4th quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock worth $36,000 after purchasing an additional 28,083 shares during the period. Squarepoint Ops LLC purchased a new stake in NetSol Technologies during the fourth quarter worth about $28,000. Topline Capital Management LLC acquired a new position in NetSol Technologies during the fourth quarter worth about $1,351,000. Dimensional Fund Advisors LP increased its holdings in NetSol Technologies by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock valued at $286,000 after buying an additional 4,199 shares in the last quarter. Finally, Perritt Capital Management Inc lifted its position in shares of NetSol Technologies by 142.3% during the 4th quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock valued at $131,000 after acquiring an additional 29,361 shares during the period. Hedge funds and other institutional investors own 16.02% of the company’s stock.

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.