ZW Data Action Technologies (NASDAQ:CNET) Announces Quarterly Earnings Results

ZW Data Action Technologies (NASDAQ:CNET) released its earnings results on Friday. The business services provider reported ($0.23) EPS for the quarter, reports. The company had revenue of $5.27 million for the quarter. ZW Data Action Technologies had a negative return on equity of 81.34% and a negative net margin of 28.87%.

ZW Data Action Technologies Price Performance

NASDAQ:CNET opened at $0.76 on Friday. The stock has a 50-day simple moving average of $0.83 and a 200-day simple moving average of $0.90. ZW Data Action Technologies has a 1 year low of $0.65 and a 1 year high of $1.45. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.01.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on ZW Data Action Technologies in a research report on Saturday. They set a “sell” rating for the company.

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.