ZW Data Action Technologies (NASDAQ:CNET) Shares to Reverse Split on Monday, September 30th

ZW Data Action Technologies Inc. (NASDAQ:CNET)’s stock is scheduled to reverse split before the market opens on Monday, September 30th. The 1-4 reverse split was announced on Wednesday, September 25th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, September 27th.

ZW Data Action Technologies Stock Performance

NASDAQ:CNET opened at $0.81 on Friday. The firm has a market cap of $5.80 million, a PE ratio of -0.98 and a beta of 0.51. ZW Data Action Technologies has a fifty-two week low of $0.40 and a fifty-two week high of $1.26. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.73 and a current ratio of 1.73. The business has a 50 day moving average price of $0.65 and a 200-day moving average price of $0.79.

ZW Data Action Technologies (NASDAQ:CNET) last released its quarterly earnings data on Friday, August 16th. The business services provider reported ($0.03) earnings per share for the quarter. ZW Data Action Technologies had a negative net margin of 18.42% and a negative return on equity of 67.57%. The company had revenue of $6.42 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on ZW Data Action Technologies in a research note on Wednesday. They issued a “sell” rating for the company.

ZW Data Action Technologies Company Profile

ZW Data Action Technologies Inc, through its subsidiaries, provides omni-channel advertising, precision marketing, and data analysis management systems in the People's Republic of China. It offers Internet advertising, precision marketing, and related data services to small and medium enterprises through its Internet portals, including 28.com and liansuo.com that provide advertisers with tools to build sales channels in the form of franchisees, sales agents, distributors, and/or resellers.