ChinaNet Online (NASDAQ:CNET) issued its earnings results on Tuesday. The business services provider reported ($0.04) earnings per share for the quarter, RTT News reports. The business had revenue of $8.26 million for the quarter. ChinaNet Online had a negative return on equity of 43.46% and a negative net margin of 21.71%.
ChinaNet Online traded down $0.08, reaching $2.81, on Wednesday, Marketbeat.com reports. 400 shares of the company’s stock were exchanged, compared to its average volume of 414,728. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.01. ChinaNet Online has a 52 week low of $0.90 and a 52 week high of $11.90.
About ChinaNet Online
ChinaNet Online Holdings, Inc, through its subsidiaries, operates an integrated service platform that provides advertising and marketing services in the People's Republic of China. Its platform comprises CloundX, an omni-channel advertising and marketing system; and a data analysis management system.
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