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

StockNews.com began coverage on shares of ZW Data Action Technologies (NASDAQ:CNET) in a report issued on Tuesday. The brokerage set a “sell” rating on the business services provider’s stock.

ZW Data Action Technologies Stock Down 2.7 %

NASDAQ CNET opened at $0.55 on Tuesday. ZW Data Action Technologies has a 12 month low of $0.40 and a 12 month high of $1.26. 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 stock has a market cap of $3.93 million, a PE ratio of -0.67 and a beta of 0.51. The stock’s 50 day moving average is $0.68 and its 200 day moving average is $0.81.

ZW Data Action Technologies (NASDAQ:CNET) last announced 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.

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.