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

Dogness (International) Corporation (NASDAQ:DOGZ) shares traded down 11.6% during trading on Thursday . The stock traded as low as $1.10 and last traded at $1.1050. 594,642 shares traded hands 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.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Dogness (International) in a research report on Wednesday, January 21st. Wall Street Zen downgraded shares of Dogness (International) from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Dogness (International) Trading Down 11.6%

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

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

Institutional Trading of Dogness (International)

Several large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its holdings in Dogness (International) by 687.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,953 shares of the company’s stock valued at $48,000 after acquiring an additional 2,578 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Dogness (International) during the 3rd quarter worth approximately $518,000. Finally, UBS Group AG grew its position in shares of Dogness (International) by 106,624.5% in the third quarter. UBS Group AG now owns 52,295 shares of the company’s stock valued at $674,000 after purchasing an additional 52,246 shares in the last quarter. Hedge funds and other institutional investors 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.