Stock analysts at StockNews.com initiated coverage on ZW Data Action Technologies (NASDAQ:CNET) shares by releasing a research note to investors. The brokerage set a “sell” rating for the shares. On Wednesday, shares of ZW Data Action Technologies opened at $1.88, trading up 5.0%. The company’s 1-year low stands at $1.23 while the 1-year high is $6.30. The business services provider has a debt-to-equity ratio of 0.01, a current ratio of 2.19, and a quick ratio of 2.19. Hedge fund Renaissance Technologies LLC raised its position in ZW Data Action Technologies by 771.7% in the second quarter, according to the company’s most recent SEC filing. Renaissance Technologies LLC’s stake in the company was worth $49,000. ZW Data Action Technologies offers advertising, precision marketing, online to offline sales channel expansion, and other data-related services to small and medium enterprises.
ZW Data Action Technologies (NASDAQ:CNET) Gets StockNews.com Coverage
On Wednesday, stock analysts at StockNews.com initiated coverage on ZW Data Action Technologies (NASDAQ:CNET) shares by releasing a research note to investors. The brokerage set a “sell” rating for the shares.
ZW Data Action Technologies Trading Up 5.0 %
On Wednesday, shares of ZW Data Action Technologies opened at $1.88. The company’s 1-year low stands at $1.23 while the 1-year high is $6.30. With a market cap of $13.48 million, a PE ratio of -2.09 and a beta of 0.78, the stock has a fifty-day moving average price of $1.80 and a 200-day moving average price of $3.05. The business services provider has a debt-to-equity ratio of 0.01, a current ratio of 2.19 and a quick ratio of 2.19.
Hedge Fund Renaissance Technologies LLC Raised Stake in ZW Data Action Technologies
According to the company’s most recent SEC filing, hedge fund Renaissance Technologies LLC raised its position in ZW Data Action Technologies by 771.7% in the second quarter. The fund acquired an additional 128,097 shares during the quarter, bringing its total ownership to 144,697 shares. Renaissance Technologies LLC’s stake in the company was worth $49,000. Institutional investors and hedge funds own 0.35% of the company’s stock.
About ZW Data Action Technologies
ZW Data Action Technologies, Inc is a holding company that offers advertising, precision marketing, online to offline sales channel expansion, and other data-related services to small and medium enterprises. Its services include precision marketing, data analysis, member point’s management, and other value-added services.
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