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

Stock analysts at StockNews.com initiated coverage on shares of ZW Data Action Technologies (NASDAQ:CNET) in a research note issued to investors on Thursday. The firm set a “sell” rating on the business services provider’s stock.

ZW Data Action Technologies Price Performance

NASDAQ:CNET opened at $1.03 on Thursday. ZW Data Action Technologies has a 52 week low of $0.69 and a 52 week high of $1.90. The firm’s fifty day moving average is $0.96 and its 200-day moving average is $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.

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 boosted its stake 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 firm owned 144,697 shares of the business services provider’s stock after purchasing an additional 128,097 shares during the quarter. Renaissance Technologies LLC owned about 0.41% of ZW Data Action Technologies worth $49,000 as of its most recent SEC filing. 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.