Deswell Industries (NASDAQ:DSWL) Share Price Passes Above 200-Day Moving Average – What’s Next?

Deswell Industries, Inc. (NASDAQ:DSWL) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.40 and traded as high as $3.63. Deswell Industries shares last traded at $3.5610, with a volume of 4,580 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Deswell Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 13th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Deswell Industries Trading Down 0.5%

The stock has a market capitalization of $56.76 million, a price-to-earnings ratio of 7.42 and a beta of 0.61. The business has a 50 day simple moving average of $3.46 and a 200-day simple moving average of $3.40.

Deswell Industries Announces Dividend

The business also recently disclosed a special dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, July 2nd. Deswell Industries’s dividend payout ratio is presently 41.67%.

Institutional Investors Weigh In On Deswell Industries

A hedge fund recently bought a new stake in Deswell Industries stock. Royal Palms Capital LLC bought a new stake in Deswell Industries, Inc. (NASDAQ:DSWL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 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 holding. Royal Palms Capital LLC owned about 2.89% of Deswell Industries as of its most recent filing with the Securities & Exchange Commission.

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.