ZW Data Action Technologies (NASDAQ:CNET) Research Coverage Started at StockNews.com

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

ZW Data Action Technologies Price Performance

Shares of ZW Data Action Technologies stock opened at $0.77 on Wednesday. The firm’s fifty day simple moving average is $0.79 and its 200-day simple moving average is $0.87. The stock has a market capitalization of $5.57 million, a price-to-earnings ratio of -0.94 and a beta of 0.52. ZW Data Action Technologies has a 12 month low of $0.65 and a 12 month high of $1.33.

ZW Data Action Technologies (NASDAQ:CNET) last posted its quarterly earnings data on Friday, June 28th. The business services provider reported ($0.23) earnings per share for the quarter. ZW Data Action Technologies had a negative net margin of 19.53% and a negative return on equity of 57.48%. The firm had revenue of $5.27 million during the quarter.

About ZW Data Action Technologies

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.