Shares of DASAN Zhone Solutions Inc (NASDAQ:DZSI) have received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Brokers have set a one year consensus price objective of $10.00 for the company, according to Zacks. Zacks has also given DASAN Zhone Solutions an industry rank of 111 out of 265 based on the ratings given to its competitors.
A number of research firms have recently commented on DZSI. Zacks Investment Research cut shares of DASAN Zhone Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. ValuEngine cut shares of DASAN Zhone Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th.
A hedge fund recently raised its stake in DASAN Zhone Solutions stock. Dimensional Fund Advisors LP grew its holdings in DASAN Zhone Solutions Inc (NASDAQ:DZSI) by 43.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,758 shares of the communications equipment provider’s stock after acquiring an additional 8,717 shares during the period. Dimensional Fund Advisors LP owned 0.18% of DASAN Zhone Solutions worth $196,000 as of its most recent SEC filing. 8.99% of the stock is currently owned by institutional investors.
DASAN Zhone Solutions (NASDAQ DZSI) traded up $0.29 during trading hours on Monday, hitting $9.74. 39,700 shares of the stock were exchanged, compared to its average volume of 14,322. DASAN Zhone Solutions has a 1 year low of $4.25 and a 1 year high of $9.99. The company has a current ratio of 1.80, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $159.61, a PE ratio of -14.76 and a beta of 4.34.
DASAN Zhone Solutions (NASDAQ:DZSI) last posted its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.06. DASAN Zhone Solutions had a negative net margin of 3.54% and a negative return on equity of 12.68%. sell-side analysts forecast that DASAN Zhone Solutions will post 0.08 EPS for the current year.
About DASAN Zhone Solutions
DASAN Zhone Solutions, Inc, formerly Zhone Technologies, Inc, designs, develops and manufactures communications network equipment for telecommunications operators and enterprises across the world. The Company’s products provide enterprise solutions that enable both network service providers and enterprises to deliver high speed fiber access, while transporting voice, video and data to the end user.
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