Shares of ZTE Co. (OTCMKTS:ZTCOF – Get Free Report) dropped 1.4% during mid-day trading on Friday. The company traded as low as $2.4850 and last traded at $2.4850. 240 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 984 shares. The stock had previously closed at $2.52.
ZTE Price Performance
The firm has a 50 day moving average price of $2.61 and a 200-day moving average price of $3.01.
About ZTE
ZTE Corporation is a China-based telecommunications and information technology company headquartered in Shenzhen. Founded in 1985, the company develops and supplies communications equipment, network solutions and technology services for telecommunications operators, government organizations and enterprise customers. Its products and services include wireless and wireline network equipment, 5G infrastructure, optical networking, core networks, cloud computing, data-center solutions and network management systems.
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