Deswell Industries (NASDAQ:DSWL) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Deswell Industries, Inc. (NASDAQ:DSWL) passed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $3.05 and traded as low as $2.99. Deswell Industries shares last traded at $3.0350, with a volume of 5,234 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Deswell Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, November 4th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock has an average rating of “Hold”.

Deswell Industries Trading Down 0.7%

The firm has a 50-day moving average of $3.05 and a two-hundred day moving average of $3.28.

Deswell Industries (NASDAQ:DSWL) last announced its quarterly earnings data on Thursday, November 12th. The technology company reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $16.51 million during the quarter.

Deswell Industries Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, December 23rd. Stockholders of record on Wednesday, December 2nd will be given a $0.10 dividend. This represents a dividend yield of 657.0%. The ex-dividend date of this dividend is Wednesday, December 2nd. Deswell Industries’s dividend payout ratio is 41.67%.

Deswell Industries Company Profile

Deswell Industries, Inc. (NASDAQ: DSWL) is a manufacturer of plastic and electronic components for original equipment manufacturers and other industrial customers. The company’s primary activities include injection molding, plastic extrusion, and the assembly of electronic products. Its plastic manufacturing operations produce molded and extruded parts used in products such as consumer electronics, electrical appliances, automotive equipment, and other commercial and industrial applications. Deswell also provides related services, including tooling and mold fabrication, product assembly, and manufacturing support for customer-designed components.