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

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

ZW Data Action Technologies Price Performance

CNET opened at $1.53 on Thursday. ZW Data Action Technologies has a one year low of $1.35 and a one year high of $4.53. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.65 and a quick ratio of 1.65. The company’s 50 day simple moving average is $1.60 and its 200-day simple moving average is $1.84. The stock has a market capitalization of $2.95 million, a P/E ratio of -0.57 and a beta of 0.53.

ZW Data Action Technologies Company Profile

ZW Data Action Technologies Inc, through its subsidiaries, offers omni-channel advertising, precision marketing, and data analysis management systems in the People’s Republic of China. The company 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.