Deswell Industries (NASDAQ:DSWL) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Deswell Industries, Inc. (NASDAQ:DSWL) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.55 and traded as high as $3.75. Deswell Industries shares last traded at $3.60, with a volume of 7,649 shares changing hands.

Analyst Upgrades and Downgrades

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

Deswell Industries Stock Down 1.1%

The firm’s 50 day moving average is $3.44 and its 200-day moving average is $3.55. The firm has a market cap of $57.38 million, a PE ratio of 7.50 and a beta of 0.57.

Deswell Industries Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 2nd were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a dividend yield of 551.0%. Deswell Industries’s payout ratio is currently 41.67%.

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.