ValuEngine lowered shares of DASAN Zhone Solutions (NASDAQ:DZSI) from a buy rating to a hold rating in a research note released on Wednesday, ValuEngine reports.

A number of other research analysts also recently commented on the company. B. Riley reiterated a buy rating on shares of Goodrich Petroleum in a research report on Monday, May 20th. Zacks Investment Research downgraded Farmland Partners from a hold rating to a sell rating in a research report on Friday, July 12th.

DZSI stock opened at $11.24 on Wednesday. DASAN Zhone Solutions has a 1-year low of $9.10 and a 1-year high of $15.59. The company has a quick ratio of 1.53, a current ratio of 1.99 and a debt-to-equity ratio of 0.64. The company has a market cap of $195.96 million, a P/E ratio of 56.20 and a beta of 0.41. The business has a 50 day simple moving average of $12.84.

DASAN Zhone Solutions (NASDAQ:DZSI) last posted its earnings results on Thursday, May 9th. The communications equipment provider reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.25. The firm had revenue of $74.09 million during the quarter, compared to the consensus estimate of $73.00 million. DASAN Zhone Solutions had a return on equity of 5.25% and a net margin of 0.10%. On average, equities analysts predict that DASAN Zhone Solutions will post 0.47 EPS for the current fiscal year.

In related news, CFO Mikhail Golomb purchased 10,256 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was bought at an average cost of $9.75 per share, for a total transaction of $99,996.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 66.10% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of DZSI. Bank of New York Mellon Corp lifted its position in DASAN Zhone Solutions by 17.4% in the fourth quarter. Bank of New York Mellon Corp now owns 22,356 shares of the communications equipment provider’s stock worth $311,000 after buying an additional 3,320 shares during the last quarter. Northern Trust Corp increased its stake in DASAN Zhone Solutions by 1.5% in the fourth 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 during the period. Dimensional Fund Advisors LP increased its stake in DASAN Zhone Solutions by 10.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 103,342 shares of the communications equipment provider’s stock worth $1,438,000 after purchasing an additional 9,381 shares during the period. Geode Capital Management LLC increased its stake in DASAN Zhone Solutions by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 46,542 shares of the communications equipment provider’s stock worth $647,000 after purchasing an additional 2,744 shares during the period. Finally, Mesirow Financial Investment Management Inc. purchased a new stake in DASAN Zhone Solutions in the second quarter worth $617,000. 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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