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

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

NetSol Technologies Stock Down 1.6 %

Shares of NASDAQ NTWK opened at $2.47 on Friday. NetSol Technologies has a 52 week low of $2.28 and a 52 week high of $3.34. The business’s 50 day moving average price is $2.61 and its 200 day moving average price is $2.75. The firm has a market cap of $28.82 million, a P/E ratio of -35.28 and a beta of 1.07.

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

Hedge Funds Weigh In On NetSol Technologies

A number of institutional investors have recently modified their holdings of the stock. Topline Capital Management LLC purchased a new stake in shares of NetSol Technologies in the fourth quarter worth about $1,351,000. Dimensional Fund Advisors LP lifted its holdings in 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 acquiring an additional 4,199 shares during the period. Geode Capital Management LLC boosted its position in NetSol Technologies by 7.6% in 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 in the last quarter. Perritt Capital Management Inc grew its stake 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. Finally, Wolverine Trading LLC increased its holdings in shares of NetSol Technologies by 184.8% during 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 in the last quarter. 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.