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

Analysts at StockNews.com began coverage on shares of ZW Data Action Technologies (NASDAQ:CNET) in a report released on Tuesday. The brokerage set a “sell” rating on the business services provider’s stock.

ZW Data Action Technologies Trading Down 2.6 %

Shares of ZW Data Action Technologies stock opened at $0.56 on Tuesday. The company’s fifty day simple moving average is $0.68 and its 200-day simple moving average is $0.81. The stock has a market capitalization of $4.03 million, a PE ratio of -0.68 and a beta of 0.51. ZW Data Action Technologies has a 1-year low of $0.40 and a 1-year high of $1.26. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.73 and a quick ratio of 1.73.

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

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.