ZW Data Action Technologies (NASDAQ:CNET) Receives New Coverage from Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of ZW Data Action Technologies (NASDAQ:CNET – Get Rating) in a report released on Friday. The brokerage set a “sell” rating on the business services provider’s stock.

ZW Data Action Technologies Price Performance

Shares of NASDAQ CNET opened at $1.38 on Friday. The stock has a fifty day moving average price of $1.62 and a two-hundred day moving average price of $2.15. The company has a quick ratio of 2.16, a current ratio of 2.04 and a debt-to-equity ratio of 0.01. ZW Data Action Technologies has a 1 year low of $1.23 and a 1 year high of $6.30.

Institutional Trading of ZW Data Action Technologies

A hedge fund recently raised its stake in ZW Data Action Technologies stock. Renaissance Technologies LLC grew 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 SEC. The fund 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 about 0.41% of ZW Data Action Technologies worth $49,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 0.35% of the company’s stock.

ZW Data Action Technologies Company Profile

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ZW Data Action Technologies, Inc is a holding company, which engages in the operation of a one-stop services on omni-channel advertising, precision marketing, and data analysis management system. It also engages in the development of blockchain enabled web/mobile applications and provision of software solutions.