Shares of DASAN Zhone Solutions (NASDAQ:DZSI) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Analysts have set a twelve-month consensus price objective of $11.00 for the company, according to Zacks. Zacks has also given DASAN Zhone Solutions an industry rank of 22 out of 265 based on the ratings given to its competitors.
A number of brokerages recently issued reports on DZSI. ValuEngine raised shares of DASAN Zhone Solutions from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered shares of DASAN Zhone Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd.
DZSI stock traded up $0.02 on Thursday, reaching $11.05. 4,832 shares of the company were exchanged, compared to its average volume of 18,791. DASAN Zhone Solutions has a 12 month low of $5.25 and a 12 month high of $11.75. The firm has a market capitalization of $182.22, a P/E ratio of 157.86 and a beta of 3.67. The company has a current ratio of 1.88, a quick ratio of 1.52 and a debt-to-equity ratio of 0.13.
DASAN Zhone Solutions (NASDAQ:DZSI) last announced its earnings results on Wednesday, February 28th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter. DASAN Zhone Solutions had a net margin of 0.46% and a return on equity of 1.61%. The business had revenue of $68.62 million for the quarter, compared to analyst estimates of $68.10 million.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in DASAN Zhone Solutions by 11.5% during the fourth quarter. BlackRock Inc. now owns 191,712 shares of the communications equipment provider’s stock worth $1,775,000 after acquiring an additional 19,728 shares during the period. Renaissance Technologies LLC increased its position in DASAN Zhone Solutions by 29.8% during the fourth quarter. Renaissance Technologies LLC now owns 129,697 shares of the communications equipment provider’s stock worth $1,201,000 after acquiring an additional 29,800 shares during the period. Dimensional Fund Advisors LP increased its holdings in DASAN Zhone Solutions by 43.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 28,758 shares of the communications equipment provider’s stock valued at $196,000 after buying an additional 8,717 shares during the period. Finally, Algert Global LLC bought a new stake in DASAN Zhone Solutions in the 4th quarter valued at $111,000. 9.44% of the stock is currently owned by institutional investors and hedge funds.
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DASAN Zhone Solutions Company Profile
DASAN Zhone Solutions, Inc provides network access solutions and communications equipment for service provider and enterprise networks worldwide. It offers broadband access products, including customer premise equipment, such as digital subscriber lines (DSL) modems; Ethernet access demarcation devices; and gigabit passive optical network (GPON) and gigabit Ethernet passive optical network (GEPON) optical network terminals.
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