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

Investment analysts at StockNews.com started coverage on shares of ZW Data Action Technologies (NASDAQ:CNET) in a research note issued to investors on Thursday. The firm set a “sell” rating on the business services provider’s stock.

ZW Data Action Technologies Stock Down 1.1 %

NASDAQ:CNET opened at $0.99 on Thursday. The stock’s 50-day simple moving average is $0.96 and its 200 day simple moving average is $0.92. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.01. ZW Data Action Technologies has a twelve month low of $0.69 and a twelve month high of $1.90.

Institutional Trading of ZW Data Action Technologies

An institutional investor recently raised its position in ZW Data Action Technologies stock. Renaissance Technologies LLC boosted its holdings in ZW Data Action Technologies Inc. (NASDAQ:CNET) by 771.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 144,697 shares of the business services provider’s stock after buying an additional 128,097 shares during the quarter. Renaissance Technologies LLC owned approximately 0.41% of ZW Data Action Technologies worth $49,000 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, 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.