News to Track: Dasan Zhone Solutions (NASDAQ:DZSI)

Dasan Zhone Solutions (NASDAQ:DZSI) stock identified change of 41.88% away from 52-week low price and recently located move of -37.67% off 52-week high price. It has market worth of $200.56MM. DZSI stock has been recorded 15.90% away from 50 day moving average and -8.34% away from 200 day moving average. Moving closer, we can see that shares have been trading 8.12% off 20-day moving average.

On Jan. 6, 2020, Dasan Zhone Solutions (NASDAQ:DZSI) a global leader in fiber access transformation for enterprise and service provider networks, has appointed Joon Kyung Kim to its board of directors. With Kim’s appointment, which fills the existing Class I vacancy on Dasan Zhone’s board, Dasan Zhone’s board of directors expands to seven directors, including four independent directors and three non-independent directors.

Mr. Kim brings to DASAN Zhone’s board more than 36 years of experience in audit and advisory services from KPMG. Prior to joining DASAN Zhone, Kim served as the National Partner in Charge of KPMG’s Korean practice, a role to which he was appointed in 2005. During his career at KPMG, he progressed through various financial statement audit roles, developing expertise in financial statement audits, operational reviews and special audits of specified areas of operations, regulatory supervisory advice, credit reviews, performance improvement, and internal control related advisory services, and in 1999 was promoted to Partner. Kim holds a Bachelor of Science degree in Business Administration from the University of California, Berkeley and is a Certified Public Accountant.

We are excited to welcome Joon to our board as he joins us at an important stage in our company’s development, said Yung Kim, CEO of DZS. The expertise he has developed from decades of work at one of the most well-respected accounting firms is directly relevant to his new responsibilities as a member of the Audit Committee as well as the Corporate Governance and Nominating Committee. On behalf of the entire team, I’d like to welcome Joon to our organization. 

Joon Kim stated: It’s a privilege to be joining DZS’s board of directors at this opportune time in the company’s history. I look forward to working alongside the executive management team and other board members to help this company capitalize on the opportunities presented by the evolving global communications landscape.

 The Technology sector company, DASAN Zhone Solutions noticed change of -0.32% to $9.35 along volume of 46122 shares in recent session compared to an average volume of 95.42K. The stock observed return of 4.47% in 5 days trading activity. The stock was at 22.38% over one month performance. DZSI’s shares are at 32.06% for the quarter and driving a -30.33% return over the course of the past year and is now at 5.53% since this point in 2018. 

 The average volatility for the week at 3.20% and for month was at 3.92%. There are 21.45M shares outstanding and 11.73M shares are floated in market. Right now the stock beta is 0.11. 

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