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

Investment analysts at StockNews.com assumed coverage on shares of ZW Data Action Technologies (NASDAQ:CNET) in a research report issued to clients and investors on Friday. The firm set a “sell” rating on the business services provider’s stock.

ZW Data Action Technologies Price Performance

Shares of CNET opened at $1.70 on Friday. The business has a 50-day simple moving average of $2.03 and a two-hundred day simple moving average of $2.57. ZW Data Action Technologies has a 12-month low of $1.47 and a 12-month high of $4.96. The stock has a market cap of $3.28 million, a PE ratio of -0.63 and a beta of 0.61. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.03.

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.