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

ZW Data Action Technologies Inc. (NASDAQ:CNET)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.89 and traded as high as $0.9650. ZW Data Action Technologies shares last traded at $0.9020, with a volume of 8,764 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ZW Data Action Technologies in a report on Friday, May 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

ZW Data Action Technologies Price Performance

The company has a 50 day moving average price of $0.90 and a 200-day moving average price of $0.89. The company has a market cap of $3.31 million, a price-to-earnings ratio of -2.15 and a beta of 0.85. 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 posted its earnings results on Friday, May 15th. The business services provider reported $0.04 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.

Hedge Funds Weigh In On ZW Data Action Technologies

An institutional investor recently bought a new stake in ZW Data Action Technologies stock. DRW Securities LLC acquired a new position in ZW Data Action Technologies Inc. (NASDAQ:CNET) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 21,262 shares of the business services provider’s stock, valued at approximately $29,000. DRW Securities LLC owned about 0.65% of ZW Data Action Technologies as of its most recent SEC filing. 0.01% of the stock is currently owned by institutional investors and hedge funds.

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.