NetSol Technologies, Inc. (NTWK) Receives “Strong Buy” Rating and $3.00 Price Target from RedChip Visibility
RedChip Visibility, a division of RedChip Companies, Inc., yesterday announced its initiation of coverage on NetSol Technologies Inc., a developer and implementer of global business services and enterprise application solutions. Bill Matson, CFA, RedChip Research Analyst, stated, "NetSol's global footprint, low labor costs, proven quality, and software with the ability to consolidate an unprecedented variety of global IT functions in one location for credit-based businesses have allowed the Company to build a diversified blue chip client base." "While approximately 60% of NetSol's revenues are currently derived from its NetSol Financial Suite(TM), it must be noted that the Company is involved…