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

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

NetSol Technologies Price Performance

Shares of NASDAQ:NTWK opened at $2.60 on Wednesday. The business has a fifty day simple moving average of $2.67 and a 200-day simple moving average of $2.79. NetSol Technologies has a 52 week low of $2.01 and a 52 week high of $3.34. The company has a market cap of $29.85 million, a P/E ratio of 37.14 and a beta of 1.06. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.01.

Institutional Trading of NetSol Technologies

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