ZW Data Action Technologies (NASDAQ:CNET) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

ZW Data Action Technologies Inc. (NASDAQ:CNET) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.96 and traded as high as $1.0699. ZW Data Action Technologies shares last traded at $0.9901, with a volume of 28,134 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ZW Data Action Technologies in a report on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, ZW Data Action Technologies currently has a consensus rating of “Sell”.

ZW Data Action Technologies Stock Performance

The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $3.67 million, a PE ratio of -2.38 and a beta of 1.02. The company has a 50-day moving average price of $0.77 and a two-hundred day moving average price of $0.95.

ZW Data Action Technologies (NASDAQ:CNET) last issued its quarterly earnings data on Friday, May 15th. The business services provider reported $0.04 earnings per share (EPS) for the quarter. ZW Data Action Technologies had a negative return on equity of 28.28% and a negative net margin of 33.30%.The business had revenue of $0.38 million for the quarter.

Institutional Investors Weigh In On ZW Data Action Technologies

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

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.