ZW Data Action Technologies (NASDAQ:CNET) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of ZW Data Action Technologies (NASDAQ:CNET) in a research report sent to investors on Monday morning. The brokerage issued a sell rating on the business services provider’s stock.

ZW Data Action Technologies Stock Performance

CNET stock opened at $1.02 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.01. ZW Data Action Technologies has a fifty-two week low of $0.69 and a fifty-two week high of $2.19. The stock has a fifty day moving average of $0.92 and a 200-day moving average of $0.92.

Hedge Funds Weigh In On ZW Data Action Technologies

A hedge fund recently raised its stake in ZW Data Action Technologies stock. Renaissance Technologies LLC lifted its position in shares of ZW Data Action Technologies Inc. (NASDAQ:CNET) by 771.7% during the second quarter, according to the company in its most recent filing with the Securities and 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 period. Renaissance Technologies LLC owned about 0.41% of ZW Data Action Technologies worth $49,000 as of its most recent SEC filing. 0.01% of the stock is currently owned by institutional investors and hedge funds.

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.