ZW Data Action Technologies (NASDAQ:CNET) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

ZW Data Action Technologies Inc. (NASDAQ:CNET) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.89 and traded as high as $1.6146. ZW Data Action Technologies shares last traded at $1.5550, with a volume of 86,391 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of ZW Data Action Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

ZW Data Action Technologies Stock Performance

The company has a market cap of $5.28 million, a price-to-earnings ratio of -3.43 and a beta of 0.84. The stock’s fifty day simple moving average is $1.01 and its two-hundred day simple moving average is $0.89. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.52 and a current ratio of 1.52.

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

Institutional Investors Weigh In On ZW Data Action Technologies

An institutional investor recently bought a new stake in ZW Data Action Technologies stock. Citadel Advisors LLC purchased a new position in shares of ZW Data Action Technologies Inc. (NASDAQ:CNET) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 36,837 shares of the business services provider’s stock, valued at approximately $86,000. Citadel Advisors LLC owned about 1.13% of ZW Data Action Technologies at the end of the most recent reporting period. 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.