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

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

NetSol Technologies Price Performance

Shares of NTWK opened at $2.75 on Friday. The firm has a market capitalization of $31.36 million, a PE ratio of -7.24 and a beta of 1.07. The company’s fifty day moving average price is $2.74 and its 200-day moving average price is $2.71. NetSol Technologies has a 1-year low of $1.72 and a 1-year high of $3.10.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. boosted its holdings in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 about 0.18% of NetSol Technologies worth $57,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.