NetSol Technologies (NASDAQ:NTWK) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a report released on Tuesday. The brokerage set a “buy” rating on the software maker’s stock.

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

NetSol Technologies Stock Performance

Shares of NTWK stock opened at $2.65 on Tuesday. NetSol Technologies has a 52-week low of $1.72 and a 52-week high of $3.05. The stock has a market cap of $30.18 million, a PE ratio of -14.72 and a beta of 1.13. The firm’s 50 day moving average price is $2.78 and its two-hundred day moving average price is $2.32.

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

Insider Transactions at NetSol Technologies

In other news, CFO Roger Kent Almond sold 9,264 shares of NetSol Technologies stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $2.88, for a total transaction of $26,680.32. Following the transaction, the chief financial officer now directly owns 20,736 shares of the company’s stock, valued at $59,719.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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. lifted its position in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 9.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 5.71% of NetSol Technologies worth $1,176,000 at the end of the most recent reporting period. 16.02% of the stock is currently owned by hedge funds and other institutional investors.

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.