Dogness (International) (NASDAQ:DOGZ) Trading Down 11.6% – Here’s What Happened

Shares of Dogness (International) Corporation (NASDAQ:DOGZ) fell 11.6% on Thursday . The company traded as low as $1.10 and last traded at $1.1050. 594,642 shares were traded during mid-day trading, a decline of 80% from the average session volume of 2,921,886 shares. The stock had previously closed at $1.25.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DOGZ. Wall Street Zen lowered Dogness (International) from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Dogness (International) in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Dogness (International) has an average rating of “Sell”.

Dogness (International) Trading Down 11.6%

The business has a 50 day moving average price of $9.17 and a 200 day moving average price of $10.97. The company has a quick ratio of 2.91, a current ratio of 3.35 and a debt-to-equity ratio of 0.02.

Dogness (International) (NASDAQ:DOGZ) last announced its quarterly earnings results on Friday, October 17th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $4.31 million during the quarter.

Institutional Trading of Dogness (International)

A number of hedge funds have recently added to or reduced their stakes in DOGZ. Tower Research Capital LLC TRC raised its position in shares of Dogness (International) by 687.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,953 shares of the company’s stock worth $48,000 after acquiring an additional 2,578 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of Dogness (International) in the 3rd quarter valued at about $518,000. Finally, UBS Group AG raised its holdings in Dogness (International) by 106,624.5% in the 3rd quarter. UBS Group AG now owns 52,295 shares of the company’s stock worth $674,000 after purchasing an additional 52,246 shares during the period. 5.12% of the stock is owned by hedge funds and other institutional investors.

Dogness (International) Company Profile

Dogness (International) Corporation is a provider of pet health and lifestyle products that focuses on smart and interactive solutions for companion animals. The company designs, manufactures and markets a range of pet care products that integrate technology to enhance monitoring, feeding, exercise and enrichment for dogs and cats. Its product portfolio caters to pet owners seeking automated, data-driven tools to support pet well-being and owner convenience.

The company’s offerings include automatic pet feeders and water fountains equipped with programmable schedules, smartphone connectivity and real-time portion controls.