ZW Data Action Technologies (NASDAQ:CNET) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of ZW Data Action Technologies (NASDAQ:CNETFree Report) in a research report report published on Tuesday morning. The brokerage issued a sell rating on the business services provider’s stock.

ZW Data Action Technologies Stock Performance

ZW Data Action Technologies stock opened at $0.87 on Tuesday. ZW Data Action Technologies has a 52 week low of $0.69 and a 52 week high of $2.19. The company’s 50 day moving average price is $0.90 and its two-hundred day moving average price is $0.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.84.

ZW Data Action Technologies (NASDAQ:CNETGet Free Report) last posted its quarterly earnings results on Monday, November 20th. The business services provider reported ($0.21) EPS for the quarter. The company had revenue of $9.18 million during the quarter. ZW Data Action Technologies had a negative return on equity of 81.34% and a negative net margin of 28.87%.

Institutional Trading of ZW Data Action Technologies

A hedge fund recently raised its stake in ZW Data Action Technologies stock. Renaissance Technologies LLC boosted its holdings in ZW Data Action Technologies Inc. (NASDAQ:CNETFree Report) by 771.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 144,697 shares of the business services provider’s stock after purchasing an additional 128,097 shares during the period. Renaissance Technologies LLC owned approximately 0.41% of ZW Data Action Technologies worth $49,000 at the end of the most recent reporting period. Institutional investors own 0.01% of the company’s stock.

About ZW Data Action Technologies

(Get Free Report)

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.

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