Deswell Industries (NASDAQ:DSWL) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Deswell Industries, Inc. (NASDAQ:DSWL)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.40 and traded as high as $3.46. Deswell Industries shares last traded at $3.41, with a volume of 6,564 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Deswell Industries from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Deswell Industries Stock Performance

The firm has a market capitalization of $54.36 million, a P/E ratio of 7.10 and a beta of 0.61. The stock has a 50 day moving average of $3.44 and a two-hundred day moving average of $3.41.

Deswell Industries Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, July 2nd. Deswell Industries’s payout ratio is currently 41.67%.

Institutional Trading of Deswell Industries

An institutional investor recently bought a new position in Deswell Industries stock. Royal Palms Capital LLC bought a new position in Deswell Industries, Inc. (NASDAQ:DSWL) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries accounts for 1.9% of Royal Palms Capital LLC’s investment portfolio, making the stock its 24th biggest holding. Royal Palms Capital LLC owned approximately 2.89% of Deswell Industries at the end of the most recent quarter.

About Deswell Industries

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.