ZW Data Action Technologies (NASDAQ:CNET) Stock Price Breaks Above 200 Day Moving Average – Time to Sell?

ZW Data Action Technologies Inc. (NASDAQ:CNET)’s stock price crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $1.03 and traded as high as $1.83. ZW Data Action Technologies shares last traded at $1.60, with a volume of 44,635 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of ZW Data Action Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

ZW Data Action Technologies Price Performance

The stock has a 50-day simple moving average of $1.41 and a 200 day simple moving average of $1.03. The stock has a market capitalization of $5.87 million, a P/E ratio of -6.40 and a beta of 0.76. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.45 and a current ratio of 1.45.

ZW Data Action Technologies (NASDAQ:CNET) last released its earnings results on Friday, August 14th. The business services provider reported ($0.10) earnings per share for the quarter. ZW Data Action Technologies had a negative return on equity of 20.22% and a negative net margin of 23.98%.The firm had revenue of $0.65 million for the quarter.

ZW Data Action Technologies Company Profile

ZW Data Action Technologies Inc, formerly known as ChinaNet Online Holdings, is a China-based provider of internet advertising, marketing and related business services. The company has focused primarily on helping small and medium-sized enterprises promote their products and services through online platforms and digital marketing channels.

Its business activities have included internet advertising, online marketing campaigns, lead generation and other services intended to connect businesses with customers.