Chinanet Online (NASDAQ:CNET) Share Price Passes Above Two Hundred Day Moving Average of $0.00

Chinanet Online Holdings Inc (NASDAQ:CNET) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $1.36. Chinanet Online shares last traded at $1.36, with a volume of 14,300 shares traded.

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.44 and a current ratio of 1.44. The business has a 50-day moving average price of $1.35 and a 200-day moving average price of $1.53.

Chinanet Online (NASDAQ:CNET) last posted its quarterly earnings results on Monday, May 20th. The business services provider reported ($0.07) earnings per share (EPS) for the quarter. Chinanet Online had a negative return on equity of 89.30% and a negative net margin of 25.64%. The firm had revenue of $8.57 million for the quarter.

A hedge fund recently bought a new stake in Chinanet Online stock. Virtu Financial LLC acquired a new position in shares of Chinanet Online Holdings Inc (NASDAQ:CNET) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 34,899 shares of the business services provider’s stock, valued at approximately $68,000. Virtu Financial LLC owned about 0.22% of Chinanet Online at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.12% of the company’s stock.

About Chinanet Online (NASDAQ:CNET)

ChinaNet Online Holdings, Inc, through its subsidiaries, operates an integrated service platform that provides advertising and marketing services in the People's Republic of China. Its platform comprises CloundX, an omni-channel advertising and marketing system; and a data analysis management system.

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