ZW Data Action Technologies (NASDAQ:CNET) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

ZW Data Action Technologies Inc. (NASDAQ:CNET) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.96 and traded as high as $1.0699. ZW Data Action Technologies shares last traded at $0.9901, with a volume of 28,134 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ZW Data Action Technologies in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

ZW Data Action Technologies Stock Down 7.5%

The firm has a market capitalization of $3.63 million, a P/E ratio of -2.36 and a beta of 1.02. The firm’s 50-day moving average is $0.76 and its 200 day moving average is $0.96. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.52 and a current ratio of 1.52.

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

Institutional Investors Weigh In On ZW Data Action Technologies

A hedge fund recently bought a new stake in ZW Data Action Technologies stock. DRW Securities LLC acquired a new stake in ZW Data Action Technologies Inc. (NASDAQ:CNET) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 21,262 shares of the business services provider’s stock, valued at approximately $29,000. DRW Securities LLC owned approximately 0.65% of ZW Data Action Technologies at the end of the most recent quarter. Hedge funds and other institutional investors 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.