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

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

NetSol Technologies Stock Performance

Shares of NTWK opened at $2.50 on Friday. The stock has a 50 day moving average price of $2.63 and a 200 day moving average price of $2.76. NetSol Technologies has a one year low of $2.28 and a one year high of $3.34. 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 (NASDAQ:NTWK) last released its 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%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Topline Capital Management LLC purchased a new stake in NetSol Technologies in the 4th quarter valued at $1,351,000. Dimensional Fund Advisors LP grew its holdings in shares of 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 purchasing an additional 4,199 shares during the period. Geode Capital Management LLC increased its position 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 worth $238,000 after purchasing an additional 5,882 shares during the last quarter. Perritt Capital Management Inc raised its stake 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 worth $131,000 after purchasing an additional 29,361 shares during the period. Finally, Wolverine Trading LLC raised its stake in NetSol Technologies by 184.8% during the fourth 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. 16.02% of the stock is 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.