ZW Data Action Technologies (NASDAQ:CNET) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

ZW Data Action Technologies Inc. (NASDAQ:CNET) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.91 and traded as high as $0.9861. ZW Data Action Technologies shares last traded at $1.0540, with a volume of 2,791 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ZW Data Action Technologies in a research report on Friday, May 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

ZW Data Action Technologies Stock Performance

The firm has a market cap of $3.87 million, a price-to-earnings ratio of -2.51 and a beta of 0.85. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a fifty day simple moving average of $0.85 and a two-hundred day simple moving average of $0.91.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ZW Data Action Technologies stock. DRW Securities LLC acquired a new position in shares of ZW Data Action Technologies Inc. (NASDAQ:CNET) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 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 quarter. 0.01% of the stock is currently owned by institutional investors and hedge funds.

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.