ZW Data Action Technologies (NASDAQ:CNET) Earns Sell Rating from Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of ZW Data Action Technologies (NASDAQ:CNETGet Rating) in a report released on Monday. The brokerage set a “sell” rating on the business services provider’s stock.

ZW Data Action Technologies Price Performance

NASDAQ:CNET opened at $0.77 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.70 and a current ratio of 2.70. The stock has a fifty day moving average of $0.87 and a 200 day moving average of $0.66. The firm has a market capitalization of $27.45 million, a price-to-earnings ratio of -4.26 and a beta of 1.49. ZW Data Action Technologies has a 52-week low of $0.28 and a 52-week high of $1.29.

ZW Data Action Technologies (NASDAQ:CNETGet Rating) last announced its quarterly earnings data on Friday, August 19th. The business services provider reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $6.95 million during the quarter. ZW Data Action Technologies had a negative net margin of 5.71% and a negative return on equity of 10.44%.

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 grew its position in ZW Data Action Technologies Inc. (NASDAQ:CNETGet Rating) by 771.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 144,697 shares of the business services provider’s stock after buying an additional 128,097 shares during the period. Renaissance Technologies LLC owned approximately 0.41% of ZW Data Action Technologies worth $49,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.69% of the company’s stock.

ZW Data Action Technologies Company Profile

(Get Rating)

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 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.

Further Reading

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