StockNews.com Initiates Coverage on NetSol Technologies (NASDAQ:NTWK)

Analysts at StockNews.com started coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note issued to investors on Saturday. The firm set a “buy” rating on the software maker’s stock.

NetSol Technologies Price Performance

NASDAQ NTWK opened at $2.50 on Friday. The stock has a market capitalization of $29.18 million, a price-to-earnings ratio of -35.71 and a beta of 1.07. NetSol Technologies has a 1-year low of $2.28 and a 1-year high of $3.34. The business’s fifty day moving average price is $2.63 and its 200-day moving average price is $2.76.

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

Institutional Trading of NetSol Technologies

Several large investors have recently added to or reduced their stakes in NTWK. Squarepoint Ops LLC bought a new position in NetSol Technologies in the fourth quarter worth approximately $28,000. Wolverine Trading LLC raised its holdings in NetSol Technologies by 184.8% in 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. Perritt Capital Management Inc lifted its position in NetSol Technologies by 142.3% during the fourth quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock valued at $131,000 after purchasing an additional 29,361 shares in the last quarter. Geode Capital Management LLC grew its holdings in NetSol Technologies by 7.6% during the third quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock valued at $238,000 after purchasing an additional 5,882 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in NetSol Technologies by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock valued at $286,000 after purchasing an additional 4,199 shares during the period. 16.02% of the stock is currently owned by 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.