ZW Data Action Technologies (NASDAQ:CNET) Stock Crosses Above 200-Day Moving Average – Time to Sell?

ZW Data Action Technologies Inc. (NASDAQ:CNET)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.94 and traded as high as $0.96. ZW Data Action Technologies shares last traded at $0.96, with a volume of 4,962 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ZW Data Action Technologies in a report on Friday, May 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, ZW Data Action Technologies currently has an average rating of “Sell”.

ZW Data Action Technologies Price Performance

The firm has a market cap of $3.38 million, a PE ratio of -2.19 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.52 and a quick ratio of 1.52. The business’s fifty day moving average is $0.79 and its 200-day moving average is $0.93.

ZW Data Action Technologies (NASDAQ:CNET) last posted its quarterly earnings results on Friday, May 15th. The business services provider reported $0.04 EPS for the quarter. ZW Data Action Technologies had a negative net margin of 33.30% and a negative return on equity of 28.28%. The company had revenue of $0.38 million for the quarter.

Institutional Investors Weigh In On ZW Data Action Technologies

An institutional investor recently bought a new stake in ZW Data Action Technologies stock. Citadel Advisors LLC acquired a new stake in shares of ZW Data Action Technologies Inc. (NASDAQ:CNET) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,837 shares of the business services provider’s stock, valued at approximately $86,000. Citadel Advisors LLC owned about 1.13% of ZW Data Action Technologies as of its most recent SEC filing. Institutional investors and hedge funds own 0.01% of the company’s stock.

About ZW Data Action Technologies

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.