DZS (NASDAQ:DZSI) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of DZS Inc. (NASDAQ:DZSI) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.65 and traded as high as $0.72. DZS shares last traded at $0.67, with a volume of 16,734 shares.

DZS Stock Down 6.8 %

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.22 and a quick ratio of 0.50. The company has a 50-day moving average price of $0.77 and a 200 day moving average price of $0.65. The firm has a market capitalization of $26.03 million, a PE ratio of -0.30 and a beta of 1.94.

Institutional Investors Weigh In On DZS

An institutional investor recently bought a new position in DZS stock. Belpointe Asset Management LLC purchased a new stake in DZS Inc. (NASDAQ:DZSI) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 335,400 shares of the communications equipment provider’s stock, valued at approximately $235,000. Belpointe Asset Management LLC owned about 0.86% of DZS as of its most recent filing with the SEC. Hedge funds and other institutional investors own 40.77% of the company’s stock.

About DZS

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.