ZW Data Action Technologies (NASDAQ:CNET) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of ZW Data Action Technologies (NASDAQ:CNET) in a report published on Saturday. The brokerage issued a sell rating on the business services provider’s stock.

ZW Data Action Technologies Stock Performance

Shares of NASDAQ:CNET opened at $0.88 on Friday. ZW Data Action Technologies has a 1 year low of $0.69 and a 1 year high of $4.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10. The business’s 50 day simple moving average is $0.93 and its 200 day simple moving average is $1.16.

ZW Data Action Technologies (NASDAQ:CNET) last issued its quarterly earnings results on Monday, August 21st. The business services provider reported ($0.16) earnings per share (EPS) for the quarter. The company had revenue of $9.82 million for the quarter. ZW Data Action Technologies had a negative return on equity of 77.99% and a negative net margin of 35.67%.

Institutional Investors Weigh In On ZW Data Action Technologies

A hedge fund recently raised its stake in ZW Data Action Technologies stock. Renaissance Technologies LLC raised its holdings in ZW Data Action Technologies Inc. (NASDAQ:CNET) by 771.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 144,697 shares of the business services provider’s stock after purchasing an additional 128,097 shares during the quarter. Renaissance Technologies LLC owned 0.41% of ZW Data Action Technologies worth $49,000 as of its most recent SEC filing. 0.01% of the stock is currently owned by institutional investors and hedge funds.

About ZW Data Action Technologies

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.