ZW Data Action Technologies (NASDAQ:CNET) Announces Earnings Results

ZW Data Action Technologies (NASDAQ:CNET) released its quarterly earnings results on Friday. The business services provider reported ($0.52) EPS for the quarter, Zacks reports. The company had revenue of $3.92 million during the quarter. ZW Data Action Technologies had a negative return on equity of 100.39% and a negative net margin of 50.16%.

ZW Data Action Technologies Price Performance

Shares of CNET stock traded up $0.06 during mid-day trading on Friday, hitting $1.92. 1,366 shares of the stock were exchanged, compared to its average volume of 127,744. ZW Data Action Technologies has a 52-week low of $0.96 and a 52-week high of $2.78. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.03. The company has a market cap of $6.27 million, a PE ratio of -1.09 and a beta of 0.70. The firm has a fifty day moving average of $2.06 and a 200 day moving average of $1.67.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of ZW Data Action Technologies in a research note on Thursday, October 30th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

ZW Data Action Technologies Company Profile

ZW Data Action Technologies Inc, through its subsidiaries, offers omni-channel advertising, precision marketing, and data analysis management systems in the People’s Republic of China. The company 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.