StockNews.com Begins Coverage on ZW Data Action Technologies (NASDAQ:CNET)

StockNews.com initiated coverage on shares of ZW Data Action Technologies (NASDAQ:CNET – Get Rating) in a research report issued to clients and investors on Tuesday. The firm set a “sell” rating on the business services provider’s stock.

ZW Data Action Technologies Price Performance

Shares of NASDAQ CNET opened at $1.97 on Tuesday. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $2.88 and its 200 day simple moving average is $3.63. ZW Data Action Technologies has a fifty-two week low of $1.40 and a fifty-two week high of $6.30. The stock has a market cap of $14.12 million, a P/E ratio of -2.19 and a beta of 1.43.

ZW Data Action Technologies (NASDAQ:CNET – Get Rating) last issued its quarterly earnings results on Friday, November 18th. The business services provider reported ($0.40) EPS for the quarter. ZW Data Action Technologies had a negative return on equity of 32.58% and a negative net margin of 18.78%. The business had revenue of $7.22 million during the quarter.

Institutional Investors Weigh In On 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 – Get Rating) by 771.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 about 0.41% of ZW Data Action Technologies worth $49,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.35% of the company’s stock.

ZW Data Action Technologies Company Profile

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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.