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

Analysts at 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 Trading Up 10.2 %

NASDAQ:CNET opened at $2.01 on Tuesday. The firm has a market cap of $4.37 million, a PE ratio of -0.81 and a beta of 0.63. The stock has a fifty day moving average price of $2.16 and a 200 day moving average price of $2.77. ZW Data Action Technologies has a 12-month low of $1.60 and a 12-month high of $5.04. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.02.

ZW Data Action Technologies (NASDAQ:CNET) last released its earnings results on Friday, August 16th. The business services provider reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $6.42 million during the quarter. ZW Data Action Technologies had a negative net margin of 18.42% and a negative return on equity of 67.57%.

About ZW Data Action Technologies

ZW Data Action Technologies Inc, through its subsidiaries, offers omni-channel advertising, precision marketing, and data analysis management systems in the People’s Republic of China. The company 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.