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

StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK – Get Rating) in a report issued on Monday. The brokerage issued a buy rating on the software maker’s stock.

NetSol Technologies Stock Up 0.9 %

NTWK stock opened at $3.23 on Monday. The company’s 50-day moving average price is $3.21 and its two-hundred day moving average price is $3.63. The firm has a market cap of $36.35 million, a P/E ratio of 10.77 and a beta of 0.81. NetSol Technologies has a 12 month low of $2.74 and a 12 month high of $5.65.

NetSol Technologies (NASDAQ:NTWK – Get Rating) last released its earnings results on Thursday, May 12th. The software maker reported ($0.02) earnings per share for the quarter. NetSol Technologies had a return on equity of 4.19% and a net margin of 5.49%. The business had revenue of $14.81 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in NetSol Technologies stock. Janney Montgomery Scott LLC purchased a new stake in shares of NetSol Technologies, Inc. (NASDAQ:NTWK – Get Rating) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 66,750 shares of the software maker’s stock, valued at approximately $264,000. Janney Montgomery Scott LLC owned about 0.59% of NetSol Technologies at the end of the most recent quarter. 29.94% of the stock is currently owned by institutional investors and hedge funds.

About NetSol Technologies

(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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