Deswell Industries (NASDAQ:DSWL) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Deswell Industries, Inc. (NASDAQ:DSWL)’s stock price passed 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 changing hands.

Wall Street Analyst Weigh In

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

Deswell Industries Trading Up 1.3%

The company has a market capitalization of $57.45 million, a price-to-earnings ratio of 7.51 and a beta of 0.61. The stock 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. Shareholders of record on Thursday, July 2nd were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, July 2nd. Deswell Industries’s dividend payout ratio is 41.67%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Deswell Industries stock. Royal Palms Capital LLC acquired a new position in Deswell Industries, Inc. (NASDAQ:DSWL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries accounts for approximately 1.9% of Royal Palms Capital LLC’s investment portfolio, making the stock its 24th biggest position. Royal Palms Capital LLC owned approximately 2.89% of Deswell Industries at the end of the most recent quarter.

About Deswell Industries

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.