Zhone Technologies Director Sells $80,250 in Stock (ZHNE)
Zhone Technologies (NASDAQ:ZHNE) Director Morteza Ejabat sold 25,000 shares of the stock on the open market in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $3.21, for a total value of $80,250.00. Following the transaction, the director now directly owns 482,812 shares of the company’s stock, valued at approximately $1,549,827. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Zhone Technologies (NASDAQ:ZHNE) traded up 0.94% during mid-day trading on Friday, hitting $3.22. The stock had a trading volume of 107,326 shares. Zhone Technologies has a 52-week low of $2.08 and a 52-week high of $6.62. The stock’s 50-day moving average is $3.19 and its 200-day moving average is $3.57. The company has a market cap of $104.2 million and a P/E ratio of 29.54.
Zhone Technologies (NASDAQ:ZHNE) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.01. The company had revenue of $32.40 million for the quarter, compared to the consensus estimate of $30.70 million. Analysts expect that Zhone Technologies will post $0.08 EPS for the current fiscal year.
Zhone Technologies Inc (NASDAQ:ZHNE) designs, develops and manufactures communications networks equipment for telecommunications, wireless and cable operators worldwide.
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