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

Shares of 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 $0.91 and traded as high as $0.9861. ZW Data Action Technologies shares last traded at $1.0540, with a volume of 2,791 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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, the company presently has a consensus rating of “Sell”.

ZW Data Action Technologies Stock Performance

The stock has a 50 day moving average price of $0.85 and a two-hundred day moving average price of $0.91. 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 company has a market capitalization of $3.87 million, a price-to-earnings ratio of -2.51 and a beta of 0.85.

ZW Data Action Technologies (NASDAQ:CNET) last issued its quarterly earnings results on Friday, May 15th. The business services provider reported $0.04 earnings per share (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 business had revenue of $0.38 million for the quarter.

Institutional Trading of ZW Data Action Technologies

An institutional investor 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 fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 reporting period. 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.