ZW Data Action Technologies (NASDAQ:CNET) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

ZW Data Action Technologies Inc. (NASDAQ:CNET)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.90 and traded as high as $1.47. ZW Data Action Technologies shares last traded at $1.46, with a volume of 152,521 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded ZW Data Action Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, ZW Data Action Technologies presently has a consensus rating of “Sell”.

ZW Data Action Technologies Stock Down 2.9%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.52 and a current ratio of 1.45. The stock has a market cap of $4.95 million, a P/E ratio of -5.40 and a beta of 0.84. The firm’s 50-day moving average is $1.15 and its two-hundred day moving average is $0.90.

ZW Data Action Technologies (NASDAQ:CNET) last announced its quarterly earnings data on Friday, August 14th. The business services provider reported ($0.10) EPS for the quarter. ZW Data Action Technologies had a negative return on equity of 20.22% and a negative net margin of 23.98%.The company had revenue of $0.65 million for the quarter.

Hedge Funds Weigh In On ZW Data Action Technologies

A hedge fund recently bought a new stake in ZW Data Action Technologies stock. Citadel Advisors LLC purchased a new position in shares of ZW Data Action Technologies Inc. (NASDAQ:CNET) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 36,837 shares of the business services provider’s stock, valued at approximately $86,000. Citadel Advisors LLC owned about 1.13% of ZW Data Action Technologies as of its most recent SEC filing. 0.01% of the stock is currently owned by institutional investors.

ZW Data Action Technologies Company Profile

ZW Data Action Technologies, Inc provides cloud-based software and digital solutions for the insurance industry in China. Through its subsidiaries, the company offers a multi-tenant insurance platform designed to streamline policy administration, underwriting, claims processing and distribution management. Its core suite of SaaS products enables property and casualty carriers, life insurers, brokers and agents to launch new products quickly, automate routine processes and integrate data from third-party sources for enhanced decision-making.

Beyond its software offerings, ZW Data Action Technologies delivers business process outsourcing services via a dedicated call center that handles customer support, policy issuance, claims intake and other administrative functions.