ZTE (OTCMKTS:ZTCOF) Shares Pass Above 200-Day Moving Average – What’s Next?

ZTE Co. (OTCMKTS:ZTCOF)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.93 and traded as high as $4.10. ZTE shares last traded at $4.10, with a volume of 200 shares changing hands.

ZTE Trading Up 6.5%

The business’s 50-day simple moving average is $3.90 and its two-hundred day simple moving average is $3.93.

ZTE Company Profile

ZTE Corporation is a global provider of telecommunications equipment and systems, offering a wide array of network solutions, smartphones and enterprise products. Headquartered in Shenzhen, China, the company develops and supplies end-to-end information and communication technology (ICT) solutions to carriers, government and corporate clients around the world.

The company’s product portfolio spans wireless networks, access and bearer networks, core networks and transport systems. ZTE also produces consumer devices such as 4G/5G smartphones, home broadband gateways, enterprise routers and Internet of Things (IoT) modules.