StockNews.com Begins Coverage on ZW Data Action Technologies (NASDAQ:CNET)

StockNews.com assumed coverage on shares of ZW Data Action Technologies (NASDAQ:CNET) in a research report released on Saturday morning. The brokerage issued a sell rating on the business services provider’s stock.

ZW Data Action Technologies Stock Performance

ZW Data Action Technologies stock opened at $2.04 on Friday. The stock’s 50 day simple moving average is $1.15 and its two-hundred day simple moving average is $0.95. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market cap of $14.70 million, a price-to-earnings ratio of -2.57 and a beta of 0.55. ZW Data Action Technologies has a fifty-two week low of $1.61 and a fifty-two week high of $5.04.

ZW Data Action Technologies (NASDAQ:CNET) last posted its quarterly earnings data on Friday, August 16th. The business services provider reported ($0.03) earnings per share for the quarter. ZW Data Action Technologies had a negative net margin of 18.42% and a negative return on equity of 67.57%. The firm had revenue of $6.42 million for the quarter.

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.