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

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

ZW Data Action Technologies Stock Up 3.5 %

Shares of NASDAQ:CNET opened at $1.79 on Thursday. ZW Data Action Technologies has a fifty-two week low of $1.43 and a fifty-two week high of $4.96. The firm’s 50 day moving average price is $1.73 and its 200 day moving average price is $2.20. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.03. The stock has a market cap of $3.45 million, a price-to-earnings ratio of -0.66 and a beta of 0.58.

About ZW Data Action Technologies

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.