ZW Data Action Technologies (NASDAQ:CNET) Stock Price Passes Above 200-Day Moving Average of $0.92

Posted by Defense World Staff on Apr 10th, 2024

ZW Data Action Technologies Inc. (NASDAQ:CNET – Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.92 and traded as high as $1.05. ZW Data Action Technologies shares last traded at $1.02, with a volume of 4,434 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on ZW Data Action Technologies in a report on Wednesday. They issued a “sell” rating on the stock.

Check Out Our Latest Stock Analysis on ZW Data Action Technologies

ZW Data Action Technologies Stock Performance

The business has a fifty day moving average of $0.95 and a 200 day moving average of $0.92. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.01.

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 raised its stake in shares of ZW Data Action Technologies Inc. (NASDAQ:CNET – Free Report) by 771.7% during the 2nd quarter, according to the company in 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 0.41% of ZW Data Action Technologies worth $49,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.