ZW Data Action Technologies (NASDAQ:CNET) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

ZW Data Action Technologies Inc. (NASDAQ:CNET)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.48 and traded as high as $1.59. ZW Data Action Technologies shares last traded at $1.59, with a volume of 8,873 shares.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen assumed coverage on shares of ZW Data Action Technologies in a research report on Thursday, May 15th. They set a “sell” rating for the company.

ZW Data Action Technologies Stock Up 4.7%

The firm’s fifty day moving average is $1.47 and its two-hundred day moving average is $1.48. The firm has a market cap of $4.23 million, a price-to-earnings ratio of -0.90 and a beta of 0.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.47 and a quick ratio of 1.47.

ZW Data Action Technologies (NASDAQ:CNET) last announced its quarterly earnings data on Thursday, August 14th. The business services provider reported ($0.27) earnings per share (EPS) for the quarter. The business had revenue of $0.55 million during the quarter. ZW Data Action Technologies had a negative return on equity of 100.39% and a negative net margin of 50.16%.

ZW Data Action Technologies Company Profile

ZW Data Action Technologies Inc, through its subsidiaries, offers omni-channel advertising, precision marketing, and data analysis management systems in the People’s Republic of China. The company 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.