ZTE (OTCMKTS:ZTCOY) Stock Passes Above 200 Day Moving Average of $4.03

ZTE Co. (OTCMKTS:ZTCOYGet Rating)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.03 and traded as high as $4.08. ZTE shares last traded at $4.04, with a volume of 4,800 shares.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ZTCOY shares. The Goldman Sachs Group upgraded shares of ZTE from a “sell” rating to a “neutral” rating in a report on Friday, October 14th. JPMorgan Chase & Co. initiated coverage on shares of ZTE in a report on Friday, September 16th. They issued an “overweight” rating on the stock.

ZTE Stock Up 6.3 %

The firm has a market capitalization of $9.32 billion, a P/E ratio of 8.60 and a beta of 0.77. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.16 and a current ratio of 1.63. The business’s fifty day moving average price is $4.04 and its two-hundred day moving average price is $4.03.

About ZTE

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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.

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