Today's Dead Cat Bounce Stock: ChinaNet Online Holdings (CNET)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified ChinaNet Online Holdings ( CNET) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified ChinaNet Online Holdings as such a stock due to the following factors:

  • CNET has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $20.2 million.
  • CNET has traded 253,860 shares today.
  • CNET is up 4% today.
  • CNET was down 14.7% yesterday.

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More details on CNET:

ChinaNet Online Holdings, Inc., through its subsidiaries, provides business-to-businesses Internet services for small and medium enterprises (SMEs) sales networks in the People's Republic of China.

The average volume for ChinaNet Online Holdings has been 517,100 shares per day over the past 30 days. ChinaNet Online has a market cap of $43.9 million and is part of the services sector and media industry. Shares are up 279.8% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates ChinaNet Online Holdings as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, poor profit margins and weak operating cash flow.

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