Dogness (International) (NASDAQ:DOGZ) Stock Price Down 2.6% – Here’s Why

Dogness (International) Corporation (NASDAQ:DOGZ)’s share price dropped 2.6% during trading on Tuesday . The company traded as low as $1.11 and last traded at $1.12. 14,635 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 1,020,738 shares. The stock had previously closed at $1.15.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DOGZ. Weiss Ratings reiterated a “sell (e+)” rating on shares of Dogness (International) in a research report on Thursday, June 18th. Wall Street Zen lowered shares of Dogness (International) from a “sell” rating to a “strong sell” rating in a report on Saturday, April 11th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Dogness (International) Stock Performance

The company has a quick ratio of 1.45, a current ratio of 1.75 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $1.15 and a two-hundred day simple moving average of $3.70.

Dogness (International) (NASDAQ:DOGZ) last issued its earnings results on Thursday, April 2nd. The company reported ($0.14) EPS for the quarter. The firm had revenue of $3.86 million for the quarter.

Hedge Funds Weigh In On Dogness (International)

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG increased its stake in shares of 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 acquiring an additional 52,246 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Dogness (International) in the third quarter valued at about $518,000. Quadrature Capital Ltd increased its position in Dogness (International) by 71.5% during the fourth quarter. Quadrature Capital Ltd now owns 36,959 shares of the company’s stock worth $392,000 after purchasing an additional 15,414 shares during the last quarter. Marex Group plc acquired a new stake in Dogness (International) during the fourth quarter worth about $157,000. Finally, Jane Street Group LLC purchased a new position in Dogness (International) during the fourth quarter worth about $153,000. Institutional investors and hedge funds own 5.12% of the company’s stock.

About Dogness (International)

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.