NetSol Technologies (NASDAQ:NTWK) Earns Buy Rating from Analysts at StockNews.com

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

NetSol Technologies Stock Up 1.9 %

Shares of NTWK opened at $2.73 on Tuesday. The firm has a market cap of $31.33 million, a P/E ratio of 39.00 and a beta of 1.06. NetSol Technologies has a 12 month low of $1.99 and a 12 month high of $3.34. The stock’s 50 day moving average is $2.67 and its two-hundred day moving average is $2.79. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.01.

Institutional Trading of NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Geode Capital Management LLC grew its position in NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,386 shares of the software maker’s stock after buying an additional 5,882 shares during the period. Geode Capital Management LLC owned 0.73% of NetSol Technologies worth $238,000 as of its most recent SEC filing. 16.02% of the stock is currently owned by institutional investors.

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.