ZW Data Action Technologies (NASDAQ:CNET) Share Price Passes Above 200-Day Moving Average of $0.93

ZW Data Action Technologies Inc. (NASDAQ:CNET)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.93 and traded as high as $0.98. ZW Data Action Technologies shares last traded at $0.85, with a volume of 90,061 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on ZW Data Action Technologies in a research note on Saturday. They set a “sell” rating on the stock.

ZW Data Action Technologies Stock Down 8.4 %

The stock’s 50 day moving average price is $0.96 and its 200-day moving average price is $0.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 1.84.

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.