ZW Data Action Technologies (NASDAQ:CNET) Posts Quarterly Earnings Results

ZW Data Action Technologies (NASDAQ:CNET) announced its quarterly earnings results on Tuesday. The business services provider reported ($0.15) EPS for the quarter, Zacks reports. ZW Data Action Technologies had a negative net margin of 33.25% and a negative return on equity of 59.11%. The firm had revenue of $0.70 million during the quarter.

ZW Data Action Technologies Stock Performance

ZW Data Action Technologies stock traded down $0.00 during mid-day trading on Wednesday, reaching $0.69. The company had a trading volume of 6,746 shares, compared to its average volume of 389,196. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.25 million, a price-to-earnings ratio of -0.93 and a beta of 0.88. The company has a 50 day moving average of $0.87 and a 200-day moving average of $1.43. ZW Data Action Technologies has a 52 week low of $0.57 and a 52 week high of $2.78.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ZW Data Action Technologies in a research report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

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.