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

ZW Data Action Technologies (NASDAQ:CNETGet Free Report) released its earnings results on Friday. The business services provider reported $0.04 EPS for the quarter, FiscalAI reports. The firm had revenue of $0.38 million for the quarter. ZW Data Action Technologies had a negative return on equity of 48.66% and a negative net margin of 38.38%.

ZW Data Action Technologies Stock Down 3.0%

Shares of CNET stock traded down $0.02 during trading on Friday, reaching $0.73. The company’s stock had a trading volume of 9,390 shares, compared to its average volume of 7,603. ZW Data Action Technologies has a one year low of $0.57 and a one year high of $2.78. The business has a fifty day moving average price of $0.73 and a 200-day moving average price of $1.12. The company has a market cap of $2.39 million, a price-to-earnings ratio of -1.74 and a beta of 1.05. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.03.

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 stake in ZW Data Action Technologies Inc. (NASDAQ:CNETFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.01% of the company’s stock.

ZW Data Action Technologies Company Profile

(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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