DZS (NASDAQ:DZSI) Stock Price Down 11.9%

DZS Inc. (NASDAQ:DZSI) shares traded down 11.9% during trading on Tuesday . The company traded as low as $0.56 and last traded at $0.56. 3,201 shares were traded during mid-day trading, a decline of 98% from the average session volume of 200,579 shares. The stock had previously closed at $0.63.

DZS Trading Down 11.9 %

The firm has a fifty day moving average of $0.57 and a 200 day moving average of $1.07. The company has a current ratio of 1.48, a quick ratio of 0.62 and a debt-to-equity ratio of 0.28.

DZS (NASDAQ:DZSI) last issued its quarterly earnings data on Tuesday, September 3rd. The communications equipment provider reported ($0.33) EPS for the quarter. The firm had revenue of $31.07 million for the quarter. DZS had a negative return on equity of 161.34% and a negative net margin of 47.48%.

Institutional Investors Weigh In On DZS

A hedge fund recently bought a new stake in DZS stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in DZS Inc. (NASDAQ:DZSI) in the second quarter, according to the company in its most recent disclosure with the Securities and 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 at the end of the most recent quarter. 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.