ZW Data Action Technologies (NASDAQ:CNET) Stock Crosses Above 200 Day Moving Average – Here’s Why

ZW Data Action Technologies Inc. (NASDAQ:CNET) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.94 and traded as high as $1.26. ZW Data Action Technologies shares last traded at $1.21, with a volume of 1,684 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of ZW Data Action Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

ZW Data Action Technologies Price Performance

The stock has a market capitalization of $4.37 million, a P/E ratio of -4.76 and a beta of 0.83. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a fifty day moving average price of $1.24 and a two-hundred day moving average price of $0.95.

ZW Data Action Technologies (NASDAQ:CNET) last issued its quarterly earnings data on Friday, August 14th. The business services provider reported ($0.10) EPS for the quarter. The firm had revenue of $0.65 million during the quarter. ZW Data Action Technologies had a negative return on equity of 20.22% and a negative net margin of 23.98%.

Institutional Investors Weigh In On ZW Data Action Technologies

An institutional investor recently bought a new position in ZW Data Action Technologies stock. DRW Securities LLC purchased a new stake in shares of ZW Data Action Technologies Inc. (NASDAQ:CNET) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 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.

ZW Data Action Technologies Company Profile

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.