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

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

ZW Data Action Technologies Stock Up 3.0 %

ZW Data Action Technologies stock opened at $1.03 on Thursday. The company’s fifty day simple moving average is $0.96 and its 200-day simple moving average is $0.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 1.84. ZW Data Action Technologies has a 12 month low of $0.69 and a 12 month high of $1.90.

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 increased its holdings in ZW Data Action Technologies Inc. (NASDAQ:CNET) by 771.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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. 0.01% of the stock is owned by institutional investors and hedge funds.

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.