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

ZW Data Action Technologies (NASDAQ:CNET) posted its quarterly earnings data on Friday. The business services provider reported ($0.10) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $0.65 million during 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 trading hours on Friday. The stock had a trading volume of 3,456 shares, compared to its average volume of 535,775. ZW Data Action Technologies has a 1 year low of $0.57 and a 1 year 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 company’s 50-day moving average is $1.11 and its 200 day moving average is $0.90. The firm has a market cap of $4.73 million, a price-to-earnings ratio of -3.07 and a beta of 0.84.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded ZW Data Action Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, ZW Data Action Technologies currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On ZW Data Action Technologies

A hedge fund recently bought a new position in ZW Data Action Technologies stock. Citadel Advisors LLC purchased a new position in ZW Data Action Technologies Inc. (NASDAQ:CNET) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 36,837 shares of the business services provider’s stock, valued at approximately $86,000. Citadel Advisors LLC owned 1.13% of ZW Data Action Technologies at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.01% of the company’s stock.

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.