ChinaNet Online Holdings, Inc. (NASDAQ:CNET) issued its earnings results on Wednesday. The business services provider reported ($0.17) earnings per share (EPS) for the quarter, RTT News reports. ChinaNet Online Holdings had a negative return on equity of 25.28% and a negative net margin of 14.55%. During the same quarter in the previous year, the firm posted ($0.13) EPS.
Shares of ChinaNet Online Holdings (NASDAQ CNET) traded down $0.10 during trading on Thursday, hitting $1.12. 183,400 shares of the company traded hands, compared to its average volume of 61,773. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.71 and a quick ratio of 1.71. ChinaNet Online Holdings has a 12-month low of $0.90 and a 12-month high of $1.99.
About ChinaNet Online Holdings
ChinaNet Online Holdings, Inc is a holding company that conducts its primary businesses through its subsidiaries and operating entities (the variable interest entities (VIEs)). The Company is a business-to-businesses (B2B), integrated Internet technology company providing online-to-offline (O2O) sales channel expansion, precision marketing and the related data services for small and medium-sized enterprises, and entrepreneurial management and networking services for entrepreneurs in the People’s Republic of China.
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