ZTE Co. (OTCMKTS:ZTCOF – Get Free Report) shares dropped 13.8% on Wednesday . The company traded as low as $3.45 and last traded at $3.45. Approximately 432 shares were traded during trading, a decline of 94% from the average daily volume of 7,015 shares. The stock had previously closed at $4.00.
ZTE Stock Down 13.8%
The firm’s fifty day moving average price is $4.06 and its 200 day moving average price is $3.88.
About ZTE
ZTE Corporation is a global provider of telecommunications equipment and systems, offering a wide array of network solutions, smartphones and enterprise products. Headquartered in Shenzhen, China, the company develops and supplies end-to-end information and communication technology (ICT) solutions to carriers, government and corporate clients around the world.
The company’s product portfolio spans wireless networks, access and bearer networks, core networks and transport systems. ZTE also produces consumer devices such as 4G/5G smartphones, home broadband gateways, enterprise routers and Internet of Things (IoT) modules.
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