ZW Data Action Technologies (NASDAQ:CNET) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of ZW Data Action Technologies (NASDAQ:CNETGet Rating) in a report issued on Monday morning. The brokerage issued a sell rating on the business services provider’s stock.

ZW Data Action Technologies Price Performance

Shares of CNET opened at $0.74 on Monday. ZW Data Action Technologies has a 52-week low of $0.28 and a 52-week high of $1.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.70 and a current ratio of 2.19. The business’s 50 day moving average price is $0.87 and its two-hundred day moving average price is $0.66. The firm has a market cap of $26.51 million, a PE ratio of -4.11 and a beta of 1.49.

Hedge Funds Weigh In On ZW Data Action Technologies

An institutional investor recently raised its position in ZW Data Action Technologies stock. Renaissance Technologies LLC lifted its position in shares of ZW Data Action Technologies Inc. (NASDAQ:CNETGet Rating) by 771.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,697 shares of the business services provider’s stock after purchasing an additional 128,097 shares during the quarter. Renaissance Technologies LLC owned 0.41% of ZW Data Action Technologies worth $49,000 at the end of the most recent reporting period. Institutional investors own 0.69% of the company’s stock.

ZW Data Action Technologies Company Profile

(Get Rating)

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 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.

Further Reading

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