ZW Data Action Technologies (NASDAQ:CNET) Coverage Initiated by Analysts at StockNews.com

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

ZW Data Action Technologies Stock Down 1.0 %

Shares of ZW Data Action Technologies stock opened at $1.01 on Friday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01. The business’s 50 day simple moving average is $1.20 and its 200-day simple moving average is $1.39. ZW Data Action Technologies has a twelve month low of $1.01 and a twelve month high of $6.30.

ZW Data Action Technologies (NASDAQ:CNET) last announced its quarterly earnings results on Monday, August 21st. The business services provider reported ($0.16) earnings per share 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 Trading of ZW Data Action Technologies

An institutional investor recently raised its position in ZW Data Action Technologies stock. Renaissance Technologies LLC boosted its holdings in ZW Data Action Technologies Inc. (NASDAQ:CNET) by 771.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 144,697 shares of the business services provider’s stock after acquiring an additional 128,097 shares during the quarter. Renaissance Technologies LLC owned 0.41% of ZW Data Action Technologies worth $49,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.01% of the company’s 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.