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

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

ZW Data Action Technologies Stock Down 1.9 %

ZW Data Action Technologies stock opened at $1.58 on Wednesday. ZW Data Action Technologies has a fifty-two week low of $1.54 and a fifty-two week high of $5.04. The stock has a market cap of $3.44 million, a PE ratio of -0.64 and a beta of 0.63. The firm’s 50-day simple moving average is $2.14 and its 200 day simple moving average is $2.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.73 and a current ratio of 1.73.

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.