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

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

ZW Data Action Technologies Stock Down 6.6 %

Shares of ZW Data Action Technologies stock opened at $0.76 on Tuesday. The company has a market cap of $5.45 million, a price-to-earnings ratio of -0.92 and a beta of 0.52. The company’s 50 day moving average is $0.79 and its 200 day moving average is $0.88. ZW Data Action Technologies has a twelve month low of $0.65 and a twelve month high of $1.42.

ZW Data Action Technologies (NASDAQ:CNET) last released its quarterly earnings results on Friday, June 28th. The business services provider reported ($0.23) earnings per share for the quarter. ZW Data Action Technologies had a negative return on equity of 57.48% and a negative net margin of 19.53%. The business had revenue of $5.27 million during the quarter.

About ZW Data Action Technologies

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.