DZS (NASDAQ:DZSI) Stock Passes Below 200 Day Moving Average – Here’s Why

DZS Inc. (NASDAQ:DZSI)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.77 and traded as low as $0.61. DZS shares last traded at $0.78, with a volume of 5,791 shares.

DZS Trading Up 8.3 %

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.50 and a current ratio of 1.22. The company has a market capitalization of $30.26 million, a P/E ratio of -0.35 and a beta of 1.92. The company’s fifty day simple moving average is $0.74 and its 200-day simple moving average is $0.77.

Hedge Funds Weigh In On DZS

An institutional investor recently bought a new position in DZS stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of DZS Inc. (NASDAQ:DZSI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 quarter. 40.77% of the stock is currently owned by institutional investors.

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.