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

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

ZW Data Action Technologies Trading Up 6.5 %

Shares of CNET stock opened at $0.99 on Thursday. The stock has a 50 day moving average of $0.95 and a two-hundred day moving average of $1.22. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01. ZW Data Action Technologies has a 12 month low of $0.69 and a 12 month high of $6.30.

ZW Data Action Technologies (NASDAQ:CNET) last announced its quarterly earnings data on Monday, August 21st. The business services provider reported ($0.16) EPS for the quarter. ZW Data Action Technologies had a negative return on equity of 77.99% and a negative net margin of 35.67%. The firm had revenue of $9.82 million during the quarter.

Hedge Funds Weigh In On ZW Data Action Technologies

A hedge fund recently raised its stake in ZW Data Action Technologies stock. Renaissance Technologies LLC lifted its stake in ZW Data Action Technologies Inc. (NASDAQ:CNET) by 771.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,697 shares of the business services provider’s stock after buying an additional 128,097 shares during the period. Renaissance Technologies LLC owned about 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 currently owned by institutional investors and hedge funds.

About ZW Data Action Technologies

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.