DZS (NASDAQ:DZSI) Shares Pass Above 200 Day Moving Average – Time to Sell?

DZS Inc. (NASDAQ:DZSI)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

DZS Price Performance

The business’s 50 day simple moving average is $0.74 and its 200 day simple moving average is $0.83. 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 capitalization of $29.48 million, a PE ratio of -0.34 and a beta of 1.92.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in DZS stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in DZS Inc. (NASDAQ:DZSI) during the 2nd quarter, according to the company in its most recent Form 13F 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 0.11% of DZS at the end of the most recent quarter. Hedge funds and other institutional investors own 40.77% of the company’s stock.

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.