ZW Data Action Technologies (NASDAQ:CNET) Shares to Reverse Split on Monday, September 30th

ZW Data Action Technologies Inc. (NASDAQ:CNET) shares are scheduled to reverse split before the market opens on Monday, September 30th. The 1-4 reverse split was announced on Wednesday, September 25th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, September 27th.

ZW Data Action Technologies Trading Up 25.8 %

CNET stock opened at $0.81 on Friday. The company has a market capitalization of $5.80 million, a price-to-earnings ratio of -0.98 and a beta of 0.51. ZW Data Action Technologies has a 1-year low of $0.40 and a 1-year high of $1.26. The business has a 50 day simple moving average of $0.65 and a two-hundred day simple moving average of $0.79. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.73 and a quick ratio of 1.73.

ZW Data Action Technologies (NASDAQ:CNET) last released its quarterly earnings results on Friday, August 16th. The business services provider reported ($0.03) earnings per share for the quarter. ZW Data Action Technologies had a negative net margin of 18.42% and a negative return on equity of 67.57%. The company had revenue of $6.42 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on ZW Data Action Technologies in a report on Wednesday. They set a “sell” rating on the stock.

ZW Data Action Technologies Company Profile

ZW Data Action Technologies Inc, through its subsidiaries, provides omni-channel advertising, precision marketing, and data analysis management systems in the People's Republic of China. It offers Internet advertising, precision marketing, and related data services to small and medium enterprises through its Internet portals, including 28.com and liansuo.com that provide advertisers with tools to build sales channels in the form of franchisees, sales agents, distributors, and/or resellers.