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

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

NetSol Technologies Price Performance

Shares of NASDAQ:NTWK opened at $2.68 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.08 and a current ratio of 2.08. The company has a market capitalization of $30.75 million, a P/E ratio of 38.29 and a beta of 1.06. NetSol Technologies has a fifty-two week low of $1.99 and a fifty-two week high of $3.34. The company’s 50-day moving average is $2.76 and its 200 day moving average is $2.78.

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC lifted its holdings in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,386 shares of the software maker’s stock after buying an additional 5,882 shares during the quarter. Geode Capital Management LLC owned about 0.73% of NetSol Technologies worth $238,000 at the end of the most recent quarter. Institutional investors and hedge funds own 16.02% of the company’s stock.

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.