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

ZW Data Action Technologies (NASDAQ:CNET) posted its quarterly earnings data on Friday. The business services provider reported $0.04 EPS for the quarter, FiscalAI reports. The firm had revenue of $0.38 million during the quarter. ZW Data Action Technologies had a negative return on equity of 48.66% and a negative net margin of 38.38%.

ZW Data Action Technologies Trading Down 3.0%

ZW Data Action Technologies stock traded down $0.02 during trading on Friday, reaching $0.73. 9,390 shares of the company were exchanged, compared to its average volume of 7,603. ZW Data Action Technologies has a 52-week low of $0.57 and a 52-week high of $2.78. The company has a market capitalization of $2.39 million, a P/E ratio of -1.06 and a beta of 1.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.49 and a quick ratio of 1.49. The stock’s 50 day simple moving average is $0.73 and its two-hundred day simple moving average is $1.12.

Institutional Trading of ZW Data Action Technologies

A hedge fund recently bought a new stake in ZW Data Action Technologies stock. DRW Securities LLC bought a new position in ZW Data Action Technologies Inc. (NASDAQ:CNET) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 21,262 shares of the business services provider’s stock, valued at approximately $29,000. DRW Securities LLC owned about 0.65% of ZW Data Action Technologies as of its most recent SEC filing. 0.01% of the stock is currently owned by institutional investors.

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.