Deswell Industries (NASDAQ:DSWL) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Deswell Industries, Inc. (NASDAQ:DSWL) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.39 and traded as high as $3.88. Deswell Industries shares last traded at $3.88, with a volume of 42,794 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Deswell Industries from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Deswell Industries Price Performance

The stock has a market cap of $60.09 million, a P/E ratio of 7.85 and a beta of 0.66. The stock’s fifty day simple moving average is $3.39 and its 200-day simple moving average is $3.39.

Deswell Industries Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. Deswell Industries’s dividend payout ratio is presently 41.67%.

Institutional Trading of Deswell Industries

An institutional investor recently bought a new stake in Deswell Industries stock. Royal Palms Capital LLC acquired a new stake in shares of Deswell Industries, Inc. (NASDAQ:DSWL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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 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 reporting period.

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.