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

StockNews.com started coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a report issued on Tuesday morning. The firm issued a buy rating on the software maker’s stock.

NetSol Technologies Stock Down 1.0 %

Shares of NASDAQ:NTWK opened at $2.91 on Tuesday. NetSol Technologies has a 52 week low of $1.75 and a 52 week high of $3.10. The company has a market cap of $33.19 million, a P/E ratio of -7.66 and a beta of 1.07. The company has a 50-day moving average price of $2.74 and a 200 day moving average price of $2.70.

NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings results on Monday, September 30th. The software maker reported ($0.01) EPS for the quarter. NetSol Technologies had a negative return on equity of 11.38% and a negative net margin of 7.33%. The firm had revenue of $16.45 million for the quarter.

Hedge Funds Weigh In On NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Perritt Capital Management Inc. raised its stake in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,639 shares of the software maker’s stock after purchasing an additional 7,900 shares during the period. Perritt Capital Management Inc. owned 0.18% of NetSol Technologies worth $57,000 at the end of the most recent reporting 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.