ZW Data Action Technologies (NASDAQ:CNET) Issues Earnings Results

ZW Data Action Technologies (NASDAQ:CNETGet Free Report) announced its quarterly earnings results on Friday. The business services provider reported ($0.10) EPS for the quarter, FiscalAI reports. The firm had revenue of $0.65 million for the quarter. ZW Data Action Technologies had a negative return on equity of 28.28% and a negative net margin of 33.30%.

ZW Data Action Technologies Price Performance

Shares of CNET remained flat at $1.29 during mid-day trading on Friday. 3,456 shares of the stock were exchanged, compared to its average volume of 535,775. The firm has a 50-day moving average of $1.11 and a two-hundred day moving average of $0.90. ZW Data Action Technologies has a 12 month low of $0.57 and a 12 month high of $2.78. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.03. The stock has a market cap of $4.73 million, a price-to-earnings ratio of -3.07 and a beta of 0.84.

Institutional Investors Weigh In On ZW Data Action Technologies

A hedge fund recently bought a new stake in ZW Data Action Technologies stock. DRW Securities LLC acquired a new position in ZW Data Action Technologies Inc. (NASDAQ:CNETFree Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 21,262 shares of the business services provider’s stock, valued at approximately $29,000. DRW Securities LLC owned approximately 0.65% of ZW Data Action Technologies at the end of the most recent reporting period. 0.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of ZW Data Action Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Read Our Latest Analysis on ZW Data Action Technologies

About ZW Data Action Technologies

(Get Free Report)

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.

Further Reading

Earnings History for ZW Data Action Technologies (NASDAQ:CNET)

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