ZTE Co. (OTCMKTS:ZTCOY – Get Free Report)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.04 and traded as high as $4.0750. ZTE shares last traded at $4.04, with a volume of 4,800 shares traded.
ZTE Trading Up 6.3%
The firm’s 50-day simple moving average is $4.04 and its 200-day simple moving average is $4.04. The company has a quick ratio of 1.16, a current ratio of 1.63 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $9.32 billion, a PE ratio of 8.60 and a beta of 0.77.
About ZTE
ZTE Corporation is a China-based telecommunications and information technology company that develops and supplies network equipment, communications systems and digital technology solutions. Its offerings support mobile and fixed-line communications, including wireless access, core networks, optical transmission, broadband access and network management.
The company also provides cloud computing, data-center, server, storage and enterprise networking solutions. In addition, ZTE develops smartphones, mobile devices and related software and services for consumers, operators, government organizations and business customers.
Founded in 1985 and headquartered in Shenzhen, China, ZTE serves telecommunications operators, enterprises and public-sector customers in China and international markets.
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