ZW Data Action Technologies (NASDAQ:CNET) Shares Break Above 200-Day Moving Average – Here’s What Happened

ZW Data Action Technologies Inc. (NASDAQ:CNET) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $1.09 and traded as high as $1.42. ZW Data Action Technologies shares last traded at $1.4110, with a volume of 3,807 shares.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of ZW Data Action Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 24th. 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 1.4%

The company has a market capitalization of $4.82 million, a price-to-earnings ratio of -5.25 and a beta of 0.76. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average price of $1.42 and a two-hundred day moving average price of $1.09.

ZW Data Action Technologies (NASDAQ:CNET) last released its quarterly earnings results on Friday, August 14th. The business services provider reported ($0.10) EPS for the quarter. ZW Data Action Technologies had a negative return on equity of 20.22% and a negative net margin of 23.98%. The business had revenue of $0.65 million during the quarter.

About ZW Data Action Technologies

ZW Data Action Technologies Inc, formerly known as ChinaNet Online Holdings, Inc, is a China-based technology and digital marketing company traded on the Nasdaq under the symbol CNET. The company has historically focused on providing online advertising, marketing and data-related services for small and medium-sized businesses.

Its business activities have included internet advertising placement, search-engine marketing, online promotion and other digital marketing solutions designed to help businesses attract customers and build brand awareness.