ZW Data Action Technologies (NASDAQ:CNET) Stock Passes Above 200-Day Moving Average – What’s Next?

ZW Data Action Technologies Inc. (NASDAQ:CNET)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.61 and traded as high as $2.15. ZW Data Action Technologies shares last traded at $2.10, with a volume of 10,045 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ZW Data Action Technologies in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

ZW Data Action Technologies Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a market cap of $6.87 million, a price-to-earnings ratio of -1.19 and a beta of 0.80. The firm has a fifty day moving average of $1.88 and a 200 day moving average of $1.61.

ZW Data Action Technologies (NASDAQ:CNET) last posted its quarterly earnings results on Thursday, August 14th. The business services provider reported ($0.27) EPS for the quarter. The company had revenue of $0.55 million during the quarter. ZW Data Action Technologies had a negative net margin of 50.16% and a negative return on equity of 100.39%.

ZW Data Action Technologies Company Profile

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.