DZS (NASDAQ:DZSI) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of DZS Inc. (NASDAQ:DZSI) 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 Price Performance

The firm has a market cap of $27.54 million, a price-to-earnings ratio of -0.32 and a beta of 1.92. The company’s fifty day moving average is $0.74 and its 200 day moving average is $0.73. The company has a quick ratio of 0.50, a current ratio of 1.22 and a debt-to-equity ratio of 0.51.

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) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission. 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.