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

Posted by Doug Madison on Jan 30th, 2025

StockNews.com assumed coverage on shares of NetSol Technologies (NASDAQ:NTWK – Free Report) in a report published on Wednesday. The firm issued a buy rating on the software maker’s stock.

NetSol Technologies Price Performance

Shares of NASDAQ NTWK opened at $2.60 on Wednesday. The company has a market capitalization of $29.85 million, a price-to-earnings ratio of 37.14 and a beta of 1.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.08 and a quick ratio of 2.08. NetSol Technologies has a 1-year low of $2.01 and a 1-year high of $3.34. The business has a 50-day moving average of $2.67 and a 200-day moving average of $2.79.

Hedge Funds Weigh In On NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Geode Capital Management LLC lifted its holdings in shares of NetSol Technologies, Inc. (NASDAQ:NTWK – Free Report) by 7.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 83,386 shares of the software maker’s stock after acquiring an additional 5,882 shares during the quarter. Geode Capital Management LLC owned 0.73% of NetSol Technologies worth $238,000 as of its most recent filing with the SEC. 16.02% of the stock is owned by institutional investors and hedge funds.

About NetSol Technologies

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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.