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

ZW Data Action Technologies (NASDAQ:CNET) announced its earnings results on Tuesday. The business services provider reported ($0.15) earnings per share (EPS) for the quarter, Zacks reports. ZW Data Action Technologies had a negative net margin of 33.25% and a negative return on equity of 59.11%. The business had revenue of $0.70 million for the quarter.

ZW Data Action Technologies Price Performance

NASDAQ:CNET opened at $0.71 on Thursday. The stock has a 50 day moving average of $0.86 and a two-hundred day moving average of $1.43. ZW Data Action Technologies has a 12 month low of $0.57 and a 12 month high of $2.78. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.31 million, a P/E ratio of -1.02 and a beta of 0.95.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ZW Data Action Technologies in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On ZW Data Action Technologies

An institutional investor recently bought a new position in ZW Data Action Technologies stock. DRW Securities LLC bought a new position 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 firm bought 21,262 shares of the business services provider’s stock, valued at approximately $29,000. DRW Securities LLC owned 0.65% of ZW Data Action Technologies at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.01% of the company’s stock.

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.