DZS (NASDAQ:DZSI) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

DZS Inc. (NASDAQ:DZSI)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.74 and traded as low as $0.67. DZS shares last traded at $0.78, with a volume of 9,155 shares traded.

DZS Trading Up 11.3 %

The company’s 50 day simple moving average is $0.74 and its 200-day simple moving average is $0.74. The firm has a market cap of $30.25 million, a P/E ratio of -0.35 and a beta of 1.92. The company has a quick ratio of 0.50, a current ratio of 1.22 and a debt-to-equity ratio of 0.51.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in DZS stock. Point72 Asia Singapore Pte. Ltd. bought a new position in DZS Inc. (NASDAQ:DZSI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 32,829 shares of the communications equipment provider’s stock, valued at approximately $38,000. Point72 Asia Singapore Pte. Ltd. owned approximately 0.11% of DZS at the end of the most recent reporting period. 40.77% of the stock is currently 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.