ZTE (OTCMKTS:ZTCOY) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

ZTE Co. (OTCMKTS:ZTCOYGet Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.04 and traded as high as $4.08. ZTE shares last traded at $4.04, with a volume of 4,800 shares changing hands.

ZTE Price Performance

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

ZTE Company Profile

(Get Free Report)

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.

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