ZW Data Action Technologies (NASDAQ:CNET) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of ZW Data Action Technologies (NASDAQ:CNET) in a report published on Wednesday 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 $0.81 on Wednesday. The company’s 50-day moving average is $0.65 and its 200-day moving average is $0.79. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market capitalization of $5.80 million, a PE ratio of -0.98 and a beta of 0.51. ZW Data Action Technologies has a fifty-two week low of $0.40 and a fifty-two week high of $1.26.

ZW Data Action Technologies shares are scheduled to reverse split on the morning of Monday, September 30th. The 1-4 reverse split was announced on Wednesday, September 25th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, September 27th.

ZW Data Action Technologies (NASDAQ:CNET) last issued its quarterly earnings data on Friday, August 16th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter. ZW Data Action Technologies had a negative return on equity of 67.57% and a negative net margin of 18.42%. The company had revenue of $6.42 million for the quarter.

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.