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

StockNews.com assumed coverage on shares of ZW Data Action Technologies (NASDAQ:CNET) in a research note published on Tuesday. The firm issued a sell rating on the business services provider’s stock.

ZW Data Action Technologies Stock Performance

CNET opened at $1.64 on Tuesday. The stock has a market cap of $3.58 million, a PE ratio of -0.66 and a beta of 0.63. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.02. ZW Data Action Technologies has a 1 year low of $1.60 and a 1 year high of $5.04. The stock’s 50 day simple moving average is $2.15 and its 200-day simple moving average is $2.73.

ZW Data Action Technologies (NASDAQ:CNET) last released its quarterly earnings data on Friday, August 16th. The business services provider reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $6.42 million for the quarter. ZW Data Action Technologies had a negative net margin of 18.42% and a negative return on equity of 67.57%.

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.