ZW Data Action Technologies (NASDAQ:CNET) Posts Earnings Results

ZW Data Action Technologies (NASDAQ:CNET) released its earnings results on Friday. The business services provider reported ($0.23) earnings per share for the quarter, reports. The firm had revenue of $5.27 million for the quarter. ZW Data Action Technologies had a negative return on equity of 81.34% and a negative net margin of 28.87%.

ZW Data Action Technologies Price Performance

Shares of ZW Data Action Technologies stock opened at $0.76 on Friday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.01. ZW Data Action Technologies has a 12 month low of $0.65 and a 12 month high of $1.45. The business has a fifty day simple moving average of $0.83 and a 200 day simple moving average of $0.90.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on ZW Data Action Technologies in a research report on Saturday. They set a “sell” rating for the company.

ZW Data Action Technologies Company Profile

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.