NetSol Technologies (NASDAQ:NTWK) Now Covered by StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of NetSol Technologies (NASDAQ:NTWKGet Rating) in a report issued on Wednesday. The firm set a “buy” rating on the software maker’s stock.

NTWK stock opened at $3.06 on Wednesday. NetSol Technologies has a twelve month low of $2.74 and a twelve month high of $5.65. The stock has a market cap of $34.43 million, a P/E ratio of 10.20 and a beta of 0.82. The business’s 50-day moving average price is $3.39 and its 200-day moving average price is $3.79.

NetSol Technologies (NASDAQ:NTWKGet Rating) last issued its earnings results on Thursday, May 12th. The software maker reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $14.81 million for the quarter. NetSol Technologies had a net margin of 5.49% and a return on equity of 4.19%.

An institutional investor recently bought a new position in NetSol Technologies stock. Janney Montgomery Scott LLC bought a new stake in shares of NetSol Technologies, Inc. (NASDAQ:NTWKGet Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 66,750 shares of the software maker’s stock, valued at approximately $264,000. Janney Montgomery Scott LLC owned about 0.59% of NetSol Technologies as of its most recent filing with the Securities and Exchange Commission. 29.94% of the stock is owned by institutional investors and hedge funds.

About NetSol Technologies (Get Rating)

NetSol Technologies, Inc designs, develops, markets, and exports software products 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. Its NFS Ascent constituent applications include Omni Point of Sale, a web-based application; Contract Management System (CMS), an application for managing and maintaining credit contracts; Wholesale Finance System (WFS), a system for automating and managing the lifecycle of wholesale finance; Dealer Auditor Access System, a web-based solution that could be used in conjunction with WFS or any third-party wholesale finance system; NFS Ascent On The Cloud, a cloud-version of NFS Ascent; and NFS Digital solutions covering Self Point of Sale, Mobile Account, Mobile Point of Sale, Mobile Dealer, Mobile Auditor, Mobile Collector, and Mobile Field Investigator.

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