NetSol Technologies (NASDAQ:NTWK) Research Coverage Started at StockNews.com

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

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

NetSol Technologies Trading Down 3.8 %

Shares of NTWK stock opened at $2.77 on Monday. NetSol Technologies has a 12-month low of $1.72 and a 12-month high of $3.05. The stock’s 50-day moving average price is $2.74 and its 200-day moving average price is $2.30. The stock has a market capitalization of $31.55 million, a price-to-earnings ratio of -15.39 and a beta of 1.13.

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

Insider Buying and Selling

In related news, CFO Roger Kent Almond sold 9,264 shares of NetSol Technologies stock in a transaction dated 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 $59,719.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.71% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Vanguard Group Inc. raised its holdings in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 9.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 649,497 shares of the software maker’s stock after buying an additional 57,003 shares during the period. Vanguard Group Inc. owned about 5.71% of NetSol Technologies worth $1,176,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 16.02% of the company’s stock.

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.