DASAN Zhone Solutions Inc (NASDAQ:DZSI) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totalling 137,900 shares, an increase of 18.2% from the May 14th total of 116,700 shares. Based on an average daily trading volume, of 75,700 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.3% of the company’s stock are short sold.
DASAN Zhone Solutions stock traded up $0.16 during mid-day trading on Friday, reaching $9.03. 76,005 shares of the stock traded hands, compared to its average volume of 89,833. DASAN Zhone Solutions has a 12-month low of $2.90 and a 12-month high of $13.34. The business’s 50-day moving average is $6.70 and its 200-day moving average is $7.24. The company has a quick ratio of 2.09, a current ratio of 2.68 and a debt-to-equity ratio of 0.45.
DASAN Zhone Solutions (NASDAQ:DZSI) last released its quarterly earnings results on Thursday, May 7th. The communications equipment provider reported ($0.25) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.34) by $0.09. DASAN Zhone Solutions had a negative return on equity of 3.81% and a negative net margin of 7.35%. The business had revenue of $47.48 million during the quarter, compared to the consensus estimate of $45.95 million. As a group, sell-side analysts predict that DASAN Zhone Solutions will post -0.17 EPS for the current year.
A number of equities analysts recently weighed in on the stock. B. Riley restated a “buy” rating and issued a $10.50 price objective on shares of DASAN Zhone Solutions in a report on Wednesday, June 3rd. TheStreet downgraded shares of DASAN Zhone Solutions from a “c-” rating to a “d+” rating in a report on Friday, March 6th. Finally, Zacks Investment Research lowered shares of DASAN Zhone Solutions from a “buy” rating to a “hold” rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $12.44.
DASAN Zhone Solutions Company Profile
DASAN Zhone Solutions, Inc provides network access solutions and communications platforms for service provider and enterprise networks worldwide. It offers broadband access products, including customer premise equipment, such as digital subscriber line (DSL) modems; Ethernet access demarcation devices; and gigabit passive optical network (GPON) and 10G point-to-point active Ethernet optical network terminals.
See Also: Different Types of Derivatives
Receive News & Ratings for DASAN Zhone Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DASAN Zhone Solutions and related companies with MarketBeat.com's FREE daily email newsletter.