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

ZW Data Action Technologies (NASDAQ:CNET) released its earnings results on Tuesday. The business services provider reported ($0.15) earnings per share (EPS) for the quarter, Zacks reports. ZW Data Action Technologies had a negative net margin of 33.25% and a negative return on equity of 59.11%. The business had revenue of $0.70 million for the quarter.

ZW Data Action Technologies Stock Down 0.3%

Shares of CNET traded down $0.00 during trading hours on Wednesday, hitting $0.69. The company had a trading volume of 4,087 shares, compared to its average volume of 389,189. The stock has a market capitalization of $2.25 million, a price-to-earnings ratio of -0.93 and a beta of 0.88. The firm has a fifty day moving average price of $0.87 and a 200-day moving average price of $1.43. ZW Data Action Technologies has a 52-week low of $0.57 and a 52-week high of $2.78. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.41.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ZW Data Action Technologies in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, ZW Data Action Technologies has a consensus rating of “Sell”.

Institutional Trading of ZW Data Action Technologies

An institutional investor recently bought a new position in ZW Data Action Technologies stock. DRW Securities LLC bought a new position in ZW Data Action Technologies Inc. (NASDAQ:CNET) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 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 as of its most recent filing with the Securities & Exchange Commission. 0.01% of the stock is owned by institutional investors.

About ZW Data Action Technologies

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.