DZS (NASDAQ:DZSI) Shares Cross Above 200 Day Moving Average – What’s Next?

DZS Inc. (NASDAQ:DZSI) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.71 and traded as high as $0.95. DZS shares last traded at $0.88, with a volume of 73,796 shares.

DZS Stock Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.22 and a quick ratio of 0.50. The company’s fifty day simple moving average is $0.77 and its two-hundred day simple moving average is $0.71. The stock has a market cap of $34.14 million, a price-to-earnings ratio of -0.40 and a beta of 1.92.

DZS (NASDAQ:DZSI) last announced its earnings results on Wednesday, November 6th. The communications equipment provider reported ($0.37) EPS for the quarter. The firm had revenue of $38.15 million during the quarter. DZS had a negative net margin of 45.63% and a negative return on equity of 179.34%.

Hedge Funds Weigh In On DZS

A hedge fund recently bought a new stake in DZS stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of DZS Inc. (NASDAQ:DZSI) in the second quarter, according to the company in its most recent filing with the Securities & 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 0.11% of DZS as of its most recent SEC filing. 40.77% of the stock is owned by hedge funds and other institutional investors.

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.