ZW Data Action Technologies (NASDAQ:CNET) Coverage Initiated by Analysts at StockNews.com

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

ZW Data Action Technologies Trading Down 5.6 %

CNET stock opened at $0.76 on Tuesday. The firm has a market cap of $5.44 million, a P/E ratio of -0.92 and a beta of 0.52. ZW Data Action Technologies has a 12-month low of $0.65 and a 12-month high of $1.42. The stock’s 50 day simple moving average is $0.79 and its 200 day simple moving average is $0.87.

ZW Data Action Technologies (NASDAQ:CNET) last posted its quarterly earnings results on Friday, June 28th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter. The firm had revenue of $5.27 million for 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.