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

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

NetSol Technologies Trading Down 2.1 %

Shares of NetSol Technologies stock opened at $2.42 on Friday. NetSol Technologies has a 12-month low of $2.14 and a 12-month high of $3.34. The company has a market cap of $28.23 million, a P/E ratio of -34.55 and a beta of 0.89. The company’s fifty day simple moving average is $2.39 and its two-hundred day simple moving average is $2.63.

NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.10) earnings per share (EPS) for the quarter. NetSol Technologies had a negative net margin of 1.34% and a negative return on equity of 2.11%. The company had revenue of $15.54 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC purchased a new stake in NetSol Technologies in the fourth quarter worth $28,000. Wolverine Trading LLC boosted its holdings in shares of NetSol Technologies by 184.8% during the 4th quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock valued at $36,000 after buying an additional 28,083 shares in the last quarter. Perritt Capital Management Inc boosted its holdings in shares of NetSol Technologies by 142.3% during the 4th quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock valued at $131,000 after buying an additional 29,361 shares in the last quarter. Geode Capital Management LLC grew its position in shares of NetSol Technologies by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock worth $238,000 after buying an additional 5,882 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of NetSol Technologies by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock worth $286,000 after acquiring an additional 4,199 shares in the last quarter. Hedge funds and other 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.