DZS (NASDAQ:DZSI) Shares Pass Above 200-Day Moving Average – Here’s What Happened

DZS Inc. (NASDAQ:DZSI) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.83 and traded as high as $0.87. DZS shares last traded at $0.80, with a volume of 11,617 shares traded.

DZS Price Performance

The firm has a 50-day moving average of $0.74 and a 200-day moving average of $0.83. The stock has a market cap of $29.48 million, a PE ratio of -0.34 and a beta of 1.92. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.22 and a quick ratio of 0.50.

Institutional Investors Weigh In On DZS

An institutional investor recently bought a new position in DZS stock. Point72 Asia Singapore Pte. Ltd. bought a new position in DZS Inc. (NASDAQ:DZSI) during the 2nd quarter, according to its most recent disclosure with the Securities & 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 institutional investors and hedge funds.

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.