ZW Data Action Technologies (NASDAQ:CNET) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of ZW Data Action Technologies (NASDAQ:CNET) in a report issued on Saturday. The brokerage issued a sell rating on the business services provider’s stock.

ZW Data Action Technologies Stock Performance

ZW Data Action Technologies stock opened at $1.67 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.65 and a current ratio of 1.65. ZW Data Action Technologies has a one year low of $1.43 and a one year high of $4.96. The stock’s 50 day moving average price is $1.74 and its 200 day moving average price is $2.08. The firm has a market capitalization of $3.22 million, a PE ratio of -0.62 and a beta of 0.58.

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.