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

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

NetSol Technologies Stock Up 1.9 %

Shares of NASDAQ NTWK opened at $2.73 on Tuesday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $2.67 and its two-hundred day moving average is $2.79. NetSol Technologies has a 52-week low of $1.99 and a 52-week high of $3.34. The firm has a market cap of $31.33 million, a price-to-earnings ratio of 39.00 and a beta of 1.06.

Institutional Investors Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC raised 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 13F filing with the SEC. The institutional investor 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 approximately 0.73% of NetSol Technologies worth $238,000 as of its most recent filing with the SEC. 16.02% of the stock is currently owned by hedge funds and other institutional investors.

NetSol Technologies Company Profile

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.