ZW Data Action Technologies (NASDAQ:CNET) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of ZW Data Action Technologies (NASDAQ:CNETFree Report) in a research note released on Wednesday. The brokerage issued a sell rating on the business services provider’s stock.

ZW Data Action Technologies Trading Down 2.9 %

Shares of NASDAQ CNET opened at $1.00 on Wednesday. ZW Data Action Technologies has a fifty-two week low of $0.69 and a fifty-two week high of $1.91. The company has a 50 day simple moving average of $0.95 and a two-hundred day simple moving average of $0.92. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On ZW Data Action Technologies

An institutional investor recently raised its position in ZW Data Action Technologies stock. Renaissance Technologies LLC grew its position in shares of ZW Data Action Technologies Inc. (NASDAQ:CNETFree Report) by 771.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 144,697 shares of the business services provider’s stock after buying an additional 128,097 shares during the quarter. Renaissance Technologies LLC owned 0.41% of ZW Data Action Technologies worth $49,000 as of its most recent filing with the Securities & Exchange Commission. 0.01% of the stock is currently owned by institutional investors and hedge funds.

ZW Data Action Technologies Company Profile

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ZW Data Action Technologies Inc, through its subsidiaries, provides omni-channel advertising, precision marketing, and data analysis management systems in the People's Republic of China. It 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.

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