ZW Data Action Technologies (NASDAQ:CNET) Receives New Coverage from Analysts at StockNews.com

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

ZW Data Action Technologies Stock Down 10.6 %

CNET opened at $0.92 on Thursday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.01. ZW Data Action Technologies has a 12 month low of $0.69 and a 12 month high of $1.90. The firm’s fifty day simple moving average is $0.96 and its 200 day simple moving average is $0.92.

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 lifted its stake in ZW Data Action Technologies Inc. (NASDAQ:CNET) by 771.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 144,697 shares of the business services provider’s stock after acquiring an additional 128,097 shares during the quarter. Renaissance Technologies LLC owned approximately 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 hedge funds and other institutional investors.

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.