DASAN Zhone Solutions Inc (NASDAQ:DZSI) was the target of a significant decrease in short interest in the month of November. As of November 29th, there was short interest totalling 428,100 shares, a decrease of 19.2% from the November 14th total of 529,600 shares. Based on an average trading volume of 113,700 shares, the short-interest ratio is presently 3.8 days. Currently, 4.0% of the shares of the stock are sold short.
NASDAQ:DZSI traded up $0.19 during trading hours on Friday, hitting $8.04. 47,025 shares of the stock were exchanged, compared to its average volume of 83,292. DASAN Zhone Solutions has a 52-week low of $6.59 and a 52-week high of $15.40. The firm’s fifty day moving average price is $7.68 and its 200 day moving average price is $10.19. The company has a current ratio of 2.20, a quick ratio of 1.77 and a debt-to-equity ratio of 0.31. The company has a market cap of $165.55 million, a P/E ratio of 40.20 and a beta of 0.27.
DASAN Zhone Solutions (NASDAQ:DZSI) last released its earnings results on Tuesday, November 12th. The communications equipment provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.04). The firm had revenue of $71.52 million during the quarter, compared to analysts’ expectations of $70.98 million. DASAN Zhone Solutions had a negative net margin of 1.49% and a positive return on equity of 4.36%. Equities analysts expect that DASAN Zhone Solutions will post 0.23 EPS for the current fiscal year.
In other DASAN Zhone Solutions news, CEO Il Yung Kim acquired 12,958 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was acquired at an average cost of $7.31 per share, for a total transaction of $94,722.98. Following the completion of the transaction, the chief executive officer now directly owns 12,958 shares of the company’s stock, valued at $94,722.98. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Philip Yim bought 5,000 shares of DASAN Zhone Solutions stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average cost of $7.70 per share, with a total value of $38,500.00. Following the completion of the purchase, the chief operating officer now owns 5,000 shares in the company, valued at $38,500. The disclosure for this purchase can be found here. Corporate insiders own 66.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its holdings in DASAN Zhone Solutions by 771.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,935 shares of the communications equipment provider’s stock valued at $25,000 after purchasing an additional 1,713 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of DASAN Zhone Solutions during the third quarter worth $27,000. Sepio Capital LLC purchased a new stake in shares of DASAN Zhone Solutions during the third quarter worth $94,000. Zebra Capital Management LLC acquired a new stake in shares of DASAN Zhone Solutions in the third quarter valued at about $102,000. Finally, California State Teachers Retirement System raised its position in shares of DASAN Zhone Solutions by 36.4% in the third quarter. California State Teachers Retirement System now owns 12,263 shares of the communications equipment provider’s stock valued at $112,000 after buying an additional 3,273 shares during the last quarter. 22.27% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of DASAN Zhone Solutions from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 13th. Northland Securities restated a “buy” rating and set a $15.50 price objective on shares of DASAN Zhone Solutions in a research report on Wednesday, November 13th. ValuEngine raised shares of DASAN Zhone Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Craig Hallum set a $16.00 price objective on shares of DASAN Zhone Solutions and gave the company a “buy” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $16.00.
About DASAN Zhone Solutions
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.
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