DZS (NASDAQ:DZSI) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

DZS Inc. (NASDAQ:DZSI)’s share price crossed 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 changing hands.

DZS Stock Performance

The firm has a market capitalization of $31.03 million, a price-to-earnings ratio of -0.36 and a beta of 1.92. The company has a current ratio of 1.22, a quick ratio of 0.50 and a debt-to-equity ratio of 0.51. The stock’s 50-day moving average is $0.73 and its 200-day moving average is $0.83.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in DZS stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of DZS Inc. (NASDAQ:DZSI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 as of its most recent SEC filing. Institutional investors and hedge funds own 40.77% of the company’s stock.

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.