ZW Data Action Technologies (NASDAQ:CNET) Shares Cross Above 200 Day Moving Average – What’s Next?

ZW Data Action Technologies Inc. (NASDAQ:CNET)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.89 and traded as high as $0.9650. ZW Data Action Technologies shares last traded at $0.9020, with a volume of 8,764 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of ZW Data Action Technologies in a research report on Friday, May 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ZW Data Action Technologies has a consensus rating of “Sell”.

ZW Data Action Technologies Trading Down 6.0%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market capitalization of $3.31 million, a price-to-earnings ratio of -2.15 and a beta of 0.85. The firm has a fifty day moving average price of $0.90 and a 200-day moving average price of $0.89.

ZW Data Action Technologies (NASDAQ:CNET) last posted its quarterly earnings results on Friday, May 15th. The business services provider reported $0.04 EPS for the quarter. ZW Data Action Technologies had a negative return on equity of 28.28% and a negative net margin of 33.30%.The business had revenue of $0.38 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in ZW Data Action Technologies stock. DRW Securities LLC purchased a new stake in ZW Data Action Technologies Inc. (NASDAQ:CNET) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 21,262 shares of the business services provider’s stock, valued at approximately $29,000. DRW Securities LLC owned about 0.65% of ZW Data Action Technologies as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.01% of the company’s stock.

About ZW Data Action Technologies

ZW Data Action Technologies, Inc provides cloud-based software and digital solutions for the insurance industry in China. Through its subsidiaries, the company offers a multi-tenant insurance platform designed to streamline policy administration, underwriting, claims processing and distribution management. Its core suite of SaaS products enables property and casualty carriers, life insurers, brokers and agents to launch new products quickly, automate routine processes and integrate data from third-party sources for enhanced decision-making.

Beyond its software offerings, ZW Data Action Technologies delivers business process outsourcing services via a dedicated call center that handles customer support, policy issuance, claims intake and other administrative functions.