ZTE (OTCMKTS:ZTCOY) Shares Pass Above 200 Day Moving Average – Here’s Why

ZTE Co. (OTCMKTS:ZTCOY)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

ZTE Stock Performance

The company has a current ratio of 1.63, a quick ratio of 1.16 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $9.32 billion, a P/E ratio of 8.60 and a beta of 0.77. The company’s 50-day moving average is $4.04 and its two-hundred day moving average is $4.04.

ZTE Company Profile

ZTE Corporation (OTCMKTS:ZTCOY) is a leading global provider of telecommunications equipment and network solutions, headquartered in Shenzhen, China. Since its founding in 1985, the company has focused on the design, development and manufacturing of a broad portfolio of products that support carriers, enterprises and consumers. ZTE’s offerings span wireless and wireline access, core network infrastructure, transport and convergence solutions, as well as cloud computing, big data and Internet of Things (IoT) applications.

In the wireless arena, ZTE delivers end-to-end solutions for 5G and 4G networks, including base station equipment, small cells, antennas and radio access network (RAN) technology.