ZW Data Action Technologies (NASDAQ:CNET) Receives New Coverage from Analysts at StockNews.com

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

ZW Data Action Technologies Stock Performance

Shares of ZW Data Action Technologies stock opened at $0.81 on Wednesday. The firm has a market cap of $5.80 million, a price-to-earnings ratio of -0.98 and a beta of 0.51. The stock’s 50-day moving average is $0.65 and its 200-day moving average is $0.79. 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 one year low of $0.40 and a one year high of $1.26.

ZW Data Action Technologies shares are set to reverse split on the morning of Monday, September 30th. The 1-4 reverse split was announced on Wednesday, September 25th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, September 27th.

ZW Data Action Technologies (NASDAQ:CNET) last released its quarterly earnings data on Friday, August 16th. The business services provider reported ($0.03) 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.