ZW Data Action Technologies (NASDAQ:CNET) Coverage Initiated at StockNews.com

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

ZW Data Action Technologies Trading Up 25.8 %

Shares of NASDAQ:CNET opened at $0.81 on Wednesday. The firm has a market cap of $5.80 million, a price-to-earnings ratio of -0.98 and a beta of 0.51. ZW Data Action Technologies has a 12 month low of $0.40 and a 12 month high of $1.26. The company’s fifty day simple moving average is $0.65 and its 200 day simple moving average is $0.79. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.02.

Shares of ZW Data Action Technologies are set to reverse split before the market opens on Monday, September 30th. The 1-4 reverse split was announced on Wednesday, September 25th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, September 27th.

ZW Data Action Technologies (NASDAQ:CNET) last released its quarterly earnings results on Friday, August 16th. The business services provider reported ($0.03) earnings per share for the quarter. The firm 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%.

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.