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

ZW Data Action Technologies (NASDAQ:CNET) released its quarterly earnings results on Friday. The business services provider reported ($0.10) EPS for the quarter, FiscalAI reports. ZW Data Action Technologies had a negative return on equity of 28.28% and a negative net margin of 33.30%.The business had revenue of $0.65 million for the quarter.

ZW Data Action Technologies Stock Performance

Shares of ZW Data Action Technologies stock opened at $1.29 on Friday. The company has a market cap of $4.73 million, a PE ratio of -5.16 and a beta of 0.84. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.03. ZW Data Action Technologies has a 52 week low of $0.57 and a 52 week high of $2.78. The business has a 50 day moving average price of $1.11 and a 200-day moving average price of $0.90.

Institutional Trading of ZW Data Action Technologies

A hedge fund recently bought a new position in ZW Data Action Technologies stock. DRW Securities LLC acquired a new stake in ZW Data Action Technologies Inc. (NASDAQ:CNET) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 21,262 shares of the business services provider’s stock, valued at approximately $29,000. DRW Securities LLC owned 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.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of ZW Data Action Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ZW Data Action Technologies presently has an average 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.