DZS (NASDAQ:DZSI) Stock Price Down 11.9%

DZS Inc. (NASDAQ:DZSI)’s share price was down 11.9% during trading on Tuesday . The stock traded as low as $0.56 and last traded at $0.56. Approximately 3,201 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 200,579 shares. The stock had previously closed at $0.63.

DZS Price Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.48 and a quick ratio of 0.62. The firm’s 50-day simple moving average is $0.57 and its 200-day simple moving average is $1.07.

DZS (NASDAQ:DZSI) last issued its earnings results on Tuesday, September 3rd. The communications equipment provider reported ($0.33) earnings per share for the quarter. DZS had a negative net margin of 47.48% and a negative return on equity of 161.34%. The firm had revenue of $31.07 million for the quarter.

Institutional Investors Weigh In On DZS

A hedge fund recently bought a new stake in DZS stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of DZS Inc. (NASDAQ:DZSI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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 at the end of the most recent quarter. 40.77% of the stock is owned by hedge funds and other institutional investors.

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.