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

StockNews.com assumed coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research report report published on Monday. The firm issued a buy rating on the software maker’s stock.

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

NetSol Technologies Stock Performance

Shares of NTWK opened at $2.88 on Monday. The firm has a market capitalization of $32.81 million, a price-to-earnings ratio of -16.00 and a beta of 1.12. NetSol Technologies has a one year low of $1.72 and a one year high of $3.05. The stock’s fifty day moving average is $2.72 and its 200-day moving average is $2.29.

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

Insider Activity at NetSol Technologies

In related news, CFO Roger Kent Almond sold 9,264 shares of the 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 transaction, the chief financial officer now owns 20,736 shares in the company, valued at approximately $59,719.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 11.71% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Vanguard Group Inc. grew its position in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 9.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 649,497 shares of the software maker’s stock after buying 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 filing with the Securities and Exchange Commission (SEC). 16.02% of the stock is owned by hedge funds and other institutional investors.

About NetSol Technologies

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.