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

Investment analysts at StockNews.com assumed coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note issued on Monday. The firm set a “buy” rating on the software maker’s stock.

Separately, TheStreet raised NetSol Technologies from a “d” rating to a “c-” rating in a research report on Tuesday, February 13th.

NetSol Technologies Trading Down 3.8 %

Shares of NetSol Technologies stock opened at $2.77 on Monday. The business’s fifty day simple moving average is $2.74 and its 200 day simple moving average is $2.30. The firm has a market capitalization of $31.55 million, a P/E ratio of -15.39 and a beta of 1.13. NetSol Technologies has a 12 month low of $1.72 and a 12 month high of $3.05.

NetSol Technologies (NASDAQ:NTWK) last issued its quarterly earnings results on Tuesday, February 13th. The software maker reported $0.04 EPS for the quarter. NetSol Technologies had a negative return on equity of 5.47% and a negative net margin of 3.68%. The business had revenue of $15.24 million for the quarter.

Insiders Place Their Bets

In other NetSol Technologies news, CFO Roger Kent Almond sold 9,264 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $2.88, for a total value of $26,680.32. Following the completion of the sale, the chief financial officer now directly owns 20,736 shares of the company’s stock, valued at $59,719.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.71% of the company’s stock.

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Vanguard Group Inc. increased its stake in NetSol Technologies, Inc. (NASDAQ:NTWK) by 9.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 649,497 shares of the software maker’s stock after purchasing an additional 57,003 shares during the quarter. Vanguard Group Inc. owned about 5.71% of NetSol Technologies worth $1,176,000 at the end of the most recent quarter. Hedge funds and other 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.