NetSol Technologies (NASDAQ:NTWK) Receives New Coverage from Analysts at initiated coverage on shares of NetSol Technologies (NASDAQ:NTWKFree Report) in a report published on Monday. The firm issued a buy rating on the software maker’s stock.

NetSol Technologies Stock Performance

NetSol Technologies stock opened at $2.30 on Monday. NetSol Technologies has a fifty-two week low of $1.72 and a fifty-two week high of $3.30. The stock has a market cap of $26.15 million, a PE ratio of -5.61 and a beta of 1.07. The firm’s 50-day simple moving average is $2.19 and its 200 day simple moving average is $2.12.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Vanguard Group Inc. increased its position in shares of NetSol Technologies, Inc. (NASDAQ:NTWKFree Report) by 9.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 649,497 shares of the software maker’s stock after purchasing an additional 57,003 shares during the quarter. Vanguard Group Inc. owned approximately 5.71% of NetSol Technologies worth $1,176,000 as of its most recent SEC filing. Institutional investors and hedge funds own 24.81% of the company’s stock.

NetSol Technologies Company Profile

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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.

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