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

Deswell Industries, Inc. (NASDAQ:DSWL)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 raised shares of Deswell Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Deswell Industries presently has a consensus rating of “Buy”.

Deswell Industries Price Performance

The firm has a 50-day simple moving average of $3.46 and a two-hundred day simple moving average of $3.40. The company has a market cap of $56.76 million, a PE ratio of 7.42 and a beta of 0.61.

Deswell Industries Announces Dividend

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

Institutional Investors Weigh In On Deswell Industries

An institutional investor recently bought a new stake in Deswell Industries stock. Royal Palms Capital LLC purchased a new position in shares of Deswell Industries, Inc. (NASDAQ:DSWL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries makes up about 1.9% of Royal Palms Capital LLC’s holdings, making the stock its 24th biggest holding. Royal Palms Capital LLC owned approximately 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.