ZTE (OTCMKTS:ZTCOY) Stock Price Up 6.3% – Here’s What Happened

ZTE Co. (OTCMKTS:ZTCOY) was up 6.3% on Tuesday . The stock traded as high as $4.08 and last traded at $4.04. Approximately 4,800 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 7,997 shares. The stock had previously closed at $3.80.

ZTE Trading Up 6.3 %

The stock has a market capitalization of $9.32 billion, a P/E ratio of 8.60 and a beta of 0.77. The company has a current ratio of 1.63, a quick ratio of 1.16 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average price of $4.04 and a two-hundred day moving average price of $4.04.

ZTE Company Profile

ZTE Corporation provides integrated communication information solutions in the People's Republic of China, rest of Asia, Africa, Europe, the United States, and Oceania. It operates through three segments: Carriers' Networks, Government and Corporate Business, and Consumer Business. The Carriers' Network segment provides wireless access, wireline access, bearer systems, core networks, telecommunication software systems and services, and other technologies and product solutions for meeting carries' requirements.