Deswell Industries (NASDAQ:DSWL) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Deswell Industries, Inc. (NASDAQ:DSWLGet Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.55 and traded as high as $3.75. Deswell Industries shares last traded at $3.60, with a volume of 7,649 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Deswell Industries in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Read Our Latest Report on Deswell Industries

Deswell Industries Price Performance

The company’s 50-day simple moving average is $3.44 and its 200-day simple moving average is $3.55. The stock has a market capitalization of $57.38 million, a P/E ratio of 7.50 and a beta of 0.57.

Deswell Industries Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd were issued a $0.10 dividend. This represents a dividend yield of 551.0%. The ex-dividend date of this dividend was Tuesday, December 2nd. Deswell Industries’s dividend payout ratio (DPR) is currently 41.67%.

About Deswell Industries

(Get Free Report)

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.

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