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October 27, 2004 Stock Pick: NetSol Technologies Inc. (NTWK)

Stock Price: $1.91

NetSol Technologies, Inc. is a developer of proprietary software applications and provider of information technology (IT) services. NetSol services range from consulting and application development to systems integration and outsourcing.

NTWK has been receiving a lot of great press as of late and appears ready to breakout strong to the upside. Volume has been holding at a higher level than it has in the past.

First quarter results are due out November 10th and are expected to be an improvement over the previous quarter. The company should report a profit and revenue of over $5 million. Revenues have been consistently improving over the last several quarters.

NTWK has a market cap of only $29 million.

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