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

StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a report released on Sunday. The brokerage set a “buy” rating on the software maker’s stock.

NetSol Technologies Price Performance

NASDAQ NTWK opened at $2.60 on Friday. NetSol Technologies has a 12 month low of $1.99 and a 12 month high of $3.34. The firm has a market capitalization of $29.84 million, a PE ratio of 37.14 and a beta of 1.06. The company’s 50 day simple moving average is $2.77 and its 200 day simple moving average is $2.78. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.08 and a quick ratio of 2.08.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NetSol Technologies stock. Geode Capital Management LLC grew its holdings in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,386 shares of the software maker’s stock after purchasing an additional 5,882 shares during the period. Geode Capital Management LLC owned approximately 0.73% of NetSol Technologies worth $238,000 as of its most recent filing with the Securities and Exchange Commission. 16.02% of the stock is owned by institutional investors and hedge funds.

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.