DZS (NASDAQ:DZSI) Shares Cross Above 200 Day Moving Average – What’s Next?

DZS Inc. (NASDAQ:DZSI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.71 and traded as high as $0.95. DZS shares last traded at $0.88, with a volume of 73,796 shares changing hands.

DZS Stock Up 3.5 %

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.50 and a current ratio of 1.22. The stock has a market cap of $34.14 million, a P/E ratio of -0.40 and a beta of 1.92. The stock’s fifty day simple moving average is $0.77 and its 200-day simple moving average is $0.71.

DZS (NASDAQ:DZSI) last issued its earnings results on Wednesday, November 6th. The communications equipment provider reported ($0.37) EPS for the quarter. The firm had revenue of $38.15 million during the quarter. DZS had a negative net margin of 45.63% and a negative return on equity of 179.34%.

Institutional Investors Weigh In On DZS

An institutional investor recently bought a new position in DZS stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in DZS Inc. (NASDAQ:DZSI) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 32,829 shares of the communications equipment provider’s stock, valued at approximately $38,000. Point72 Asia Singapore Pte. Ltd. owned about 0.11% of DZS as of its most recent filing with the SEC. 40.77% of the stock is owned by institutional investors and hedge funds.

DZS Company Profile

DZS Inc provides access and optical networking infrastructure and cloud software solutions in the Americas, Europe, the Middle East, Africa, and Asia. The company offers access edge solutions through DZS Velocity, including voice, high-definition and ultra-high-definition video, highspeed internet access, and business class services; switching and routing products; and XCelerate for increasing the velocity with which service providers can leap to multi-gigabit services.