Deswell Industries (NASDAQ:DSWL) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Deswell Industries, Inc. (NASDAQ:DSWL)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.59 and traded as high as $3.68. Deswell Industries shares last traded at $3.60, with a volume of 7,248 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Deswell Industries in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

Deswell Industries Price Performance

The business’s fifty day moving average price is $3.46 and its 200-day moving average price is $3.59. The stock has a market capitalization of $57.38 million, a PE ratio of 7.50 and a beta of 0.57.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Deswell Industries stock. Royal Palms Capital LLC purchased a new position in Deswell Industries, Inc. (NASDAQ:DSWL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries accounts for about 1.9% of Royal Palms Capital LLC’s investment portfolio, making the stock its 24th biggest position. Royal Palms Capital LLC owned about 2.89% of Deswell Industries at the end of the most recent quarter.

Deswell Industries Company Profile

Deswell Industries, Inc (NASDAQ: DSWL) is a China-based medical device company that designs, develops, manufactures and distributes airway management and respiratory care products. The company’s product portfolio includes laryngeal mask airways, disposable endotracheal tubes, nebulizers, oxygen therapy equipment, humidifiers and related ventilator accessories. Deswell’s devices are used in hospitals, clinics and home-care settings to support anesthesia, emergency medicine and respiratory treatment.

Founded in 2003 and headquartered in Shenzhen, Deswell operates multiple manufacturing facilities that comply with international quality standards, including FDA 510(k) clearances and CE markings for many of its devices.