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

ZW Data Action Technologies (NASDAQ:CNET) posted its quarterly earnings data on Friday. The business services provider reported $0.04 EPS for the quarter, FiscalAI reports. The company had revenue of $0.38 million for the quarter. ZW Data Action Technologies had a negative return on equity of 48.66% and a negative net margin of 38.38%.

ZW Data Action Technologies Trading Down 3.0%

Shares of CNET traded down $0.02 during trading hours on Friday, hitting $0.73. 9,390 shares of the stock traded hands, compared to its average volume of 7,603. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.03. ZW Data Action Technologies has a 1-year low of $0.57 and a 1-year high of $2.78. The firm has a market capitalization of $2.39 million, a PE ratio of -1.06 and a beta of 1.05. The business has a fifty day moving average of $0.73 and a 200-day moving average of $1.12.

Hedge Funds Weigh In On ZW Data Action Technologies

A hedge fund recently bought a new stake in ZW Data Action Technologies stock. DRW Securities LLC bought a new position in ZW Data Action Technologies Inc. (NASDAQ:CNET) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 21,262 shares of the business services provider’s stock, valued at approximately $29,000. DRW Securities LLC owned 0.65% of ZW Data Action Technologies as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 0.01% of the company’s stock.

About ZW Data Action Technologies

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.