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

Investment analysts at StockNews.com started coverage on shares of ZW Data Action Technologies (NASDAQ:CNET – Get Rating) in a note issued to investors on Tuesday. The brokerage set a “sell” rating on the business services provider’s stock.

ZW Data Action Technologies Stock Performance

Shares of CNET opened at $1.97 on Tuesday. The company has a 50-day simple moving average of $2.88 and a 200-day simple moving average of $3.63. 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 company has a market capitalization of $14.12 million, a PE ratio of -2.19 and a beta of 1.43. ZW Data Action Technologies has a 52-week low of $1.40 and a 52-week high of $6.30.

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

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 boosted its holdings in ZW Data Action Technologies Inc. (NASDAQ:CNET – Get Rating) by 771.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 144,697 shares of the business services provider’s stock after acquiring an additional 128,097 shares during the period. Renaissance Technologies LLC owned 0.41% of ZW Data Action Technologies worth $49,000 as of its most recent filing with the Securities and Exchange Commission. 0.35% of the stock is owned by institutional investors.

About ZW Data Action Technologies

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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.