Shares of DASAN Zhone Solutions Inc (NASDAQ:DZSI) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Analysts have set a 12-month consensus price objective of $19.75 for the company and are expecting that the company will post $0.07 earnings per share for the current quarter, according to Zacks. Zacks has also given DASAN Zhone Solutions an industry rank of 108 out of 256 based on the ratings given to its competitors.

Several equities research analysts have recently commented on the company. Zacks Investment Research lowered Farmland Partners from a “hold” rating to a “sell” rating in a research note on Friday, July 12th. ValuEngine downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, B. Riley reissued a “buy” rating on shares of Goodrich Petroleum in a research report on Monday, May 20th.

Shares of DASAN Zhone Solutions stock traded up $0.48 during trading hours on Friday, reaching $11.99. The company had a trading volume of 830 shares, compared to its average volume of 72,223. The company has a market cap of $197.66 million, a price-to-earnings ratio of 59.95 and a beta of 0.41. DASAN Zhone Solutions has a one year low of $9.10 and a one year high of $15.59. The business has a fifty day moving average price of $12.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.53 and a current ratio of 1.99.

DASAN Zhone Solutions (NASDAQ:DZSI) last released its quarterly earnings data on Thursday, May 9th. The communications equipment provider reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.25. DASAN Zhone Solutions had a return on equity of 5.25% and a net margin of 0.10%. The firm had revenue of $74.09 million for the quarter, compared to the consensus estimate of $73.00 million. As a group, equities research analysts predict that DASAN Zhone Solutions will post 0.47 earnings per share for the current fiscal year.

In other news, CFO Mikhail Golomb bought 10,256 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were bought at an average cost of $9.75 per share, for a total transaction of $99,996.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 66.10% of the company’s stock.

A number of large investors have recently modified their holdings of DZSI. Dimensional Fund Advisors LP increased its holdings in DASAN Zhone Solutions by 10.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 103,342 shares of the communications equipment provider’s stock valued at $1,438,000 after purchasing an additional 9,381 shares during the period. Northern Trust Corp boosted its position in shares of DASAN Zhone Solutions by 1.5% in the 4th quarter. Northern Trust Corp now owns 61,018 shares of the communications equipment provider’s stock worth $849,000 after purchasing an additional 876 shares in the last quarter. Mesirow Financial Investment Management Inc. bought a new position in DASAN Zhone Solutions in the 2nd quarter valued at approximately $617,000. Geode Capital Management LLC raised its stake in DASAN Zhone Solutions by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 46,542 shares of the communications equipment provider’s stock valued at $647,000 after buying an additional 2,744 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in DASAN Zhone Solutions by 17.4% during the 4th quarter. Bank of New York Mellon Corp now owns 22,356 shares of the communications equipment provider’s stock valued at $311,000 after buying an additional 3,320 shares during the last quarter. Hedge funds and other institutional investors own 16.02% of the company’s stock.

DASAN Zhone Solutions Company Profile

DASAN Zhone Solutions, Inc provides network access solutions and communications platforms for service provider and enterprise networks worldwide. It offers broadband access products, including customer premise equipment, such as digital subscriber line (DSL) modems; Ethernet access demarcation devices; and gigabit passive optical network (GPON) and 10G point-to-point active Ethernet optical network terminals.

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