ZW Data Action Technologies (NASDAQ:CNET) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

ZW Data Action Technologies Inc. (NASDAQ:CNET)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Analysts Set New Price Targets

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

ZW Data Action Technologies Stock Down 1.0%

The firm has a market cap of $3.52 million, a price-to-earnings ratio of -2.29 and a beta of 1.02. The firm has a 50 day moving average of $0.79 and a 200 day moving average of $0.94. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.03.

ZW Data Action Technologies (NASDAQ:CNET) last released its quarterly earnings data on Friday, May 15th. The business services provider reported $0.04 earnings per share for the quarter. The company had revenue of $0.38 million during 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 position in ZW Data Action Technologies stock. DRW Securities LLC purchased a new stake in ZW Data Action Technologies Inc. (NASDAQ:CNET) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 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. Institutional investors own 0.01% of the company’s stock.

ZW Data Action Technologies Company Profile

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.