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

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

NetSol Technologies Stock Performance

NASDAQ:NTWK opened at $2.36 on Monday. The stock has a 50 day moving average price of $2.58 and a 200 day moving average price of $2.74. The stock has a market cap of $27.54 million, a PE ratio of -33.71 and a beta of 1.01. NetSol Technologies has a one year low of $2.28 and a one year high of $3.34.

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

Institutional Trading of NetSol Technologies

Several hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC acquired a new position in NetSol Technologies in the fourth quarter valued at approximately $28,000. Wolverine Trading LLC lifted its stake in shares of NetSol Technologies by 184.8% in the 4th quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock valued at $36,000 after purchasing an additional 28,083 shares during the last quarter. Perritt Capital Management Inc grew its holdings 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 worth $131,000 after purchasing an additional 29,361 shares during the period. Geode Capital Management LLC increased 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 purchasing an additional 5,882 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in NetSol Technologies by 4.0% in the 4th 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 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.