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

Stock analysts at StockNews.com assumed coverage on shares of ZW Data Action Technologies (NASDAQ:CNET) in a report issued on Monday. The firm set a “sell” rating on the business services provider’s stock.

ZW Data Action Technologies Stock Down 4.1 %

Shares of ZW Data Action Technologies stock opened at $0.43 on Monday. 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 has a 1-year low of $0.40 and a 1-year high of $1.26. The business’s fifty day moving average price is $0.70 and its two-hundred day moving average price is $0.82. The company has a market capitalization of $3.13 million, a P/E ratio of -0.53 and a beta of 0.51.

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

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.