NetSol Technologies (NASDAQ:NTWK) Coverage Initiated by Analysts at StockNews.com

by · The Markets Daily

StockNews.com initiated coverage on shares of NetSol Technologies (NASDAQ:NTWK – Free Report) in a report released on Friday morning. The brokerage issued a buy rating on the software maker’s stock.

NetSol Technologies Price Performance

NTWK stock opened at $2.66 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a market capitalization of $30.52 million, a P/E ratio of 38.00 and a beta of 1.07. NetSol Technologies has a 52-week low of $1.99 and a 52-week high of $3.34. The company’s 50 day simple moving average is $2.87 and its 200-day simple moving average is $2.78.

NetSol Technologies (NASDAQ:NTWK – Get Free Report) last posted its quarterly earnings data on Monday, September 30th. The software maker reported ($0.01) earnings per share for the quarter. The firm had revenue of $16.45 million for the quarter. NetSol Technologies had a return on equity of 1.84% and a net margin of 1.17%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC raised its position in shares of NetSol Technologies, Inc. (NASDAQ:NTWK – Free Report) by 7.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 0.73% of NetSol Technologies worth $238,000 as of its most recent SEC filing. Institutional investors own 16.02% of the company’s stock.

NetSol Technologies Company Profile

(Get Free Report)

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.

Further Reading