ZTE (OTCMKTS:ZTCOY) Stock Price Up 6.3% – Here’s What Happened

ZTE Co. (OTCMKTS:ZTCOY)’s stock price traded up 6.3% during trading on Tuesday . The company traded as high as $4.08 and last traded at $4.04. 4,800 shares traded hands during trading, a decline of 40% from the average session volume of 7,997 shares. The stock had previously closed at $3.80.

ZTE Stock Up 6.3 %

The company has a current ratio of 1.63, a quick ratio of 1.16 and a debt-to-equity ratio of 0.56. The firm has a market cap of $9.32 billion, a price-to-earnings ratio of 8.60 and a beta of 0.77. The firm’s 50 day simple moving average is $4.04 and its two-hundred day simple moving average is $4.04.

About ZTE

ZTE Corporation provides integrated communication information solutions in the People's Republic of China, rest of Asia, Africa, Europe, the United States, and Oceania. It operates through three segments: Carriers' Networks, Government and Corporate Business, and Consumer Business. The Carriers' Network segment provides wireless access, wireline access, bearer systems, core networks, telecommunication software systems and services, and other technologies and product solutions for meeting carries' requirements.