ZW Data Action Technologies (NASDAQ:CNET) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of ZW Data Action Technologies (NASDAQ:CNET) in a research report released on Monday. The brokerage issued a sell rating on the business services provider’s stock.

ZW Data Action Technologies Trading Down 2.0 %

Shares of CNET stock opened at $1.00 on Monday. The firm has a fifty day moving average of $0.92 and a 200-day moving average of $0.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.84. ZW Data Action Technologies has a 12-month low of $0.69 and a 12-month high of $2.03.

Institutional Investors Weigh In On ZW Data Action Technologies

A hedge fund recently raised its stake in ZW Data Action Technologies stock. Renaissance Technologies LLC boosted its holdings in ZW Data Action Technologies Inc. (NASDAQ:CNET) by 771.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,697 shares of the business services provider’s stock after purchasing an additional 128,097 shares during the period. Renaissance Technologies LLC owned about 0.41% of ZW Data Action Technologies worth $49,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.01% of the company’s stock.

About ZW Data Action Technologies

ZW Data Action Technologies Inc, through its subsidiaries, provides omni-channel advertising, precision marketing, and data analysis management systems in the People's Republic of China. It offers Internet advertising, precision marketing, and related data services to small and medium enterprises through its Internet portals, including 28.com and liansuo.com that provide advertisers with tools to build sales channels in the form of franchisees, sales agents, distributors, and/or resellers.