DZS (NASDAQ:DZSI) Share Price Passes Below 200-Day Moving Average – Should You Sell?

DZS Inc. (NASDAQ:DZSI) shares crossed 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 trading hands.

DZS Price Performance

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 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 has a 50 day moving average of $0.74 and a 200 day moving average of $0.73.

Hedge Funds Weigh In On DZS

A hedge fund recently bought a new stake in DZS stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in DZS Inc. (NASDAQ:DZSI) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 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. Hedge funds and other institutional investors 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.