Dogness (International) (NASDAQ:DOGZ) Stock Price Down 2.9% – Time to Sell?

Dogness (International) Corporation (NASDAQ:DOGZ) shares dropped 2.9% during trading on Friday . The stock traded as low as $10.57 and last traded at $10.58. Approximately 24,225 shares traded hands during trading, a decline of 83% from the average daily volume of 139,263 shares. The stock had previously closed at $10.90.

Analysts Set New Price Targets

DOGZ has been the topic of a number of analyst reports. Wall Street Zen lowered Dogness (International) from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Dogness (International) in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Dogness (International) Trading Down 2.9%

The company has a current ratio of 3.35, a quick ratio of 2.91 and a debt-to-equity ratio of 0.02. The stock’s 50-day simple moving average is $12.29 and its 200 day simple moving average is $14.27.

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

Hedge Funds Weigh In On Dogness (International)

A number of institutional investors and hedge funds have recently modified their holdings of DOGZ. Tower Research Capital LLC TRC grew its position in shares of Dogness (International) by 687.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,953 shares of the company’s stock worth $48,000 after buying an additional 2,578 shares during the period. BNP Paribas Financial Markets bought a new position in Dogness (International) during the third quarter worth $518,000. Finally, UBS Group AG grew its holdings in Dogness (International) by 106,624.5% in the third quarter. UBS Group AG now owns 52,295 shares of the company’s stock worth $674,000 after purchasing an additional 52,246 shares during the period. 5.12% of the stock is currently owned by institutional investors.

About Dogness (International)

Dogness (International) Corporation, through its subsidiaries, designs, manufactures, and sells fashionable products for dogs and cats worldwide. The company provides pet leashes, pet collars, pet harnesses, and retractable leashes, as well as lanyards; gift suspenders, pet belt ribbons, laces, elastic belts, computer jacquard ribbons, and high-grade textile laces; mouth covers and pet charms; climbing hooks; and intelligent pet products, such as app-controlled pet feeders, pet water fountains, and smart pet toys, as well as pet shampoos.