StockNews.com Begins Coverage on ZW Data Action Technologies (NASDAQ:CNET)

StockNews.com started coverage on shares of ZW Data Action Technologies (NASDAQ:CNET) in a report published on Monday 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 $1.02 on Monday. The company has a 50 day simple moving average of $0.92 and a 200-day simple moving average of $0.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 1.84. ZW Data Action Technologies has a 1 year low of $0.69 and a 1 year high of $2.19.

Institutional Trading of ZW Data Action Technologies

A hedge fund recently raised its stake in ZW Data Action Technologies stock. Renaissance Technologies LLC grew its holdings in ZW Data Action Technologies Inc. (NASDAQ:CNET) by 771.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,697 shares of the business services provider’s stock after acquiring an additional 128,097 shares during the period. Renaissance Technologies LLC owned about 0.41% of ZW Data Action Technologies worth $49,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 0.01% of the company’s stock.

About ZW Data Action Technologies

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.