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

ZW Data Action Technologies (NASDAQ:CNET) released its quarterly earnings results on Tuesday. The business services provider reported ($0.20) EPS for the quarter, Zacks reports. ZW Data Action Technologies had a negative net margin of 26.48% and a negative return on equity of 89.60%.

ZW Data Action Technologies Stock Performance

CNET stock remained flat at $1.50 during midday trading on Tuesday. 1,903 shares of the company’s stock were exchanged, compared to its average volume of 74,340. The firm has a 50 day moving average price of $1.54 and a 200-day moving average price of $1.76. The stock has a market capitalization of $2.89 million, a price-to-earnings ratio of -0.56 and a beta of 0.51. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.65 and a quick ratio of 1.65. ZW Data Action Technologies has a 1-year low of $1.35 and a 1-year high of $4.53.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of ZW Data Action Technologies in a report on Sunday. They issued a “sell” rating on the stock.

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.