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

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

ZW Data Action Technologies Price Performance

CNET stock opened at $2.46 on Thursday. The company has a market capitalization of $17.72 million, a PE ratio of -3.00 and a beta of 0.55. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.02. The business’s fifty day moving average price is $0.88 and its 200 day moving average price is $0.86. ZW Data Action Technologies has a 12-month low of $1.61 and a 12-month high of $5.04.

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