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

StockNews.com initiated coverage on shares of ZW Data Action Technologies (NASDAQ:CNET) in a research note released on Thursday morning. The brokerage issued a sell rating on the business services provider’s stock.

ZW Data Action Technologies Stock Performance

ZW Data Action Technologies stock opened at $0.80 on Thursday. The stock has a market cap of $5.74 million, a P/E ratio of -0.97 and a beta of 0.52. ZW Data Action Technologies has a fifty-two week low of $0.65 and a fifty-two week high of $1.30. The firm’s fifty day moving average price is $0.79 and its 200-day moving average price is $0.87.

ZW Data Action Technologies (NASDAQ:CNET) last released its earnings results on Friday, June 28th. The business services provider reported ($0.23) EPS for the quarter. The firm had revenue of $5.27 million during the quarter. ZW Data Action Technologies had a negative net margin of 19.53% and a negative return on equity of 57.48%.

About ZW Data Action Technologies

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 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.