ZW Data Action Technologies (NASDAQ:CNET) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of ZW Data Action Technologies (NASDAQ:CNETFree Report) in a research note published on Thursday morning. The firm issued a sell rating on the business services provider’s stock.

ZW Data Action Technologies Stock Performance

Shares of NASDAQ CNET opened at $0.99 on Thursday. ZW Data Action Technologies has a 1 year low of $0.69 and a 1 year high of $1.90. The company’s 50-day moving average is $0.96 and its 200 day moving average is $0.92. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ZW Data Action Technologies stock. Renaissance Technologies LLC boosted its position in ZW Data Action Technologies Inc. (NASDAQ:CNETFree Report) by 771.7% in the second quarter, according to the company in its most recent disclosure 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 quarter. Renaissance Technologies LLC owned approximately 0.41% of ZW Data Action Technologies worth $49,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.01% of the company’s stock.

About ZW Data Action Technologies

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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.

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