Shares of ZTE Co. (OTCMKTS:ZTCOY – Get Free Report) shot up 6.3% on Wednesday. The company traded as high as $4.0750 and last traded at $4.04. Approximately 4,800 shares traded hands during trading, a decline of 40% from the average daily volume of 7,997 shares. The stock had previously closed at $3.80.
ZTE Stock Performance
The business’s fifty day moving average price is $4.04 and its 200-day moving average price is $4.04. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.63 and a quick ratio of 1.16. The stock 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 founded in 1985 and headquartered in Shenzhen. It develops communications equipment and digital solutions for telecommunications operators, businesses, government organizations and consumers. The company’s products and services include wireless and wireline network equipment, optical communications systems, network infrastructure and solutions for 5G. ZTE also provides enterprise technology offerings in areas such as cloud computing and digital transformation, along with consumer products including smartphones and other connected devices.
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