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

StockNews.com initiated coverage on shares of NetSol Technologies (NASDAQ:NTWKGet Rating) in a research note issued to investors on Monday. The brokerage set a “buy” rating on the software maker’s stock.

NTWK stock opened at $3.23 on Monday. The stock has a market capitalization of $36.35 million, a price-to-earnings ratio of 10.77 and a beta of 0.82. The business’s fifty day moving average price is $3.62 and its two-hundred day moving average price is $3.89. NetSol Technologies has a fifty-two week low of $2.74 and a fifty-two week high of $5.65.

NetSol Technologies (NASDAQ:NTWKGet Rating) last posted its quarterly earnings data on Thursday, May 12th. The software maker reported ($0.02) earnings per share (EPS) for the quarter. NetSol Technologies had a net margin of 5.49% and a return on equity of 4.19%. The business had revenue of $14.81 million during the quarter.

Hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its stake in shares of NetSol Technologies by 1.8% in the fourth quarter. Renaissance Technologies LLC now owns 667,701 shares of the software maker’s stock valued at $2,644,000 after buying an additional 11,900 shares during the period. Citadel Advisors LLC bought a new stake in shares of NetSol Technologies in the second quarter valued at approximately $52,000. Marshall Wace LLP boosted its stake in shares of NetSol Technologies by 692.5% in the first quarter. Marshall Wace LLP now owns 50,340 shares of the software maker’s stock valued at $328,000 after buying an additional 43,988 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in shares of NetSol Technologies in the fourth quarter valued at approximately $264,000. Institutional investors and hedge funds own 29.94% of the company’s stock.

NetSol Technologies Company Profile (Get Rating)

NetSol Technologies, Inc designs, develops, markets, and exports software products 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. Its NFS Ascent constituent applications include Omni Point of Sale, a web-based application; Contract Management System (CMS), an application for managing and maintaining credit contracts; Wholesale Finance System (WFS), a system for automating and managing the lifecycle of wholesale finance; Dealer Auditor Access System, a web-based solution that could be used in conjunction with WFS or any third-party wholesale finance system; NFS Ascent On The Cloud, a cloud-version of NFS Ascent; and NFS Digital solutions covering Self Point of Sale, Mobile Account, Mobile Point of Sale, Mobile Dealer, Mobile Auditor, Mobile Collector, and Mobile Field Investigator.

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