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

ZW Data Action Technologies (NASDAQ:CNET) issued its quarterly earnings data on Friday. The business services provider reported ($0.52) EPS for the quarter, Zacks reports. ZW Data Action Technologies had a negative return on equity of 100.39% and a negative net margin of 50.16%.The business had revenue of $3.92 million for the quarter.

ZW Data Action Technologies Stock Performance

CNET traded up $0.06 during midday trading on Friday, hitting $1.92. 1,366 shares of the company traded hands, compared to its average volume of 127,744. The firm has a market capitalization of $6.27 million, a PE ratio of -1.09 and a beta of 0.70. The company’s 50-day moving average is $2.06 and its 200 day moving average is $1.67. ZW Data Action Technologies has a 52 week low of $0.96 and a 52 week high of $2.78. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.03.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ZW Data Action Technologies in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

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.