Deswell Industries (NASDAQ:DSWL) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Deswell Industries, Inc. (NASDAQ:DSWL)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.26 and traded as high as $3.67. Deswell Industries shares last traded at $3.63, with a volume of 3,773 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Deswell Industries in a research report on Monday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Deswell Industries Stock Down 3.2%

The firm has a market capitalization of $57.86 million, a PE ratio of 7.56 and a beta of 0.54. The business’s 50-day moving average price is $3.65 and its 200-day moving average price is $3.26.

Deswell Industries Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a dividend yield of 551.0%. Deswell Industries’s dividend payout ratio (DPR) is 41.67%.

About Deswell Industries

Deswell Industries, Inc manufactures and sells injection-molded plastic parts and components, electronic products and subassemblies, and metallic molds and accessory parts for original equipment manufacturers and contract manufacturers in China, the United States, Europe, Hong Kong, the United Kingdom, Canada, and internationally.