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

ZW Data Action Technologies (NASDAQ:CNET) issued its quarterly earnings results on Tuesday. The business services provider reported ($0.15) earnings per share for the quarter, Zacks reports. ZW Data Action Technologies had a negative return on equity of 59.11% and a negative net margin of 33.25%.The business had revenue of $0.70 million during the quarter.

ZW Data Action Technologies Stock Performance

Shares of CNET traded down $0.00 during trading hours on Wednesday, hitting $0.69. The stock had a trading volume of 6,746 shares, compared to its average volume of 389,233. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a 50-day moving average price of $0.87 and a 200 day moving average price of $1.43. ZW Data Action Technologies has a fifty-two week low of $0.57 and a fifty-two week high of $2.78. The firm has a market capitalization of $2.25 million, a price-to-earnings ratio of -0.93 and a beta of 0.88.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ZW Data Action Technologies stock. DRW Securities LLC bought a new stake in shares of ZW Data Action Technologies Inc. (NASDAQ:CNET) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 21,262 shares of the business services provider’s stock, valued at approximately $29,000. DRW Securities LLC owned approximately 0.65% of ZW Data Action Technologies at the end of the most recent reporting period. 0.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ZW Data Action Technologies in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, ZW Data Action Technologies has a consensus rating of “Sell”.

ZW Data Action Technologies Company Profile

ZW Data Action Technologies, Inc provides cloud-based software and digital solutions for the insurance industry in China. Through its subsidiaries, the company offers a multi-tenant insurance platform designed to streamline policy administration, underwriting, claims processing and distribution management. Its core suite of SaaS products enables property and casualty carriers, life insurers, brokers and agents to launch new products quickly, automate routine processes and integrate data from third-party sources for enhanced decision-making.

Beyond its software offerings, ZW Data Action Technologies delivers business process outsourcing services via a dedicated call center that handles customer support, policy issuance, claims intake and other administrative functions.