ZTE (OTCMKTS:ZTCOY) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

ZTE Co. (OTCMKTS:ZTCOY)’s stock 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 $4.08. ZTE shares last traded at $4.04, with a volume of 4,800 shares changing hands.

ZTE Stock Up 6.3%

The firm has a market cap of $9.32 billion, a price-to-earnings ratio of 8.60 and a beta of 0.77. 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 50-day moving average of $4.04 and a 200-day moving average of $4.04.

ZTE Company Profile

ZTE Corporation provides integrated communication information solutions in the People's Republic of China, rest of Asia, Africa, Europe, the United States, and Oceania. It operates through three segments: Carriers' Networks, Government and Corporate Business, and Consumer Business. The Carriers' Network segment provides wireless access, wireline access, bearer systems, core networks, telecommunication software systems and services, and other technologies and product solutions for meeting carries' requirements.