Dogness (International) (NASDAQ:DOGZ) Trading Down 2.6% – Here’s What Happened

Dogness (International) Corporation (NASDAQ:DOGZ) shares fell 2.6% on Tuesday . The stock traded as low as $1.11 and last traded at $1.12. 14,635 shares traded hands during trading, a decline of 99% from the average daily volume of 1,020,738 shares. The stock had previously closed at $1.15.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Dogness (International) in a research report on Thursday, June 18th. Wall Street Zen downgraded shares of Dogness (International) from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Dogness (International) Stock Performance

The company has a current ratio of 1.75, a quick ratio of 1.45 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $1.16 and a 200-day moving average of $3.78.

Dogness (International) (NASDAQ:DOGZ) last issued its quarterly earnings results on Thursday, April 2nd. The company reported ($0.14) EPS for the quarter. The company had revenue of $3.86 million during the quarter.

Hedge Funds Weigh In On Dogness (International)

Several hedge funds and other institutional investors have recently made changes to their positions in DOGZ. Tower Research Capital LLC TRC increased its holdings in Dogness (International) by 687.5% during the second 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 last quarter. Jane Street Group LLC bought a new stake in Dogness (International) during the fourth quarter worth $153,000. Marex Group plc acquired a new stake in Dogness (International) in the fourth quarter valued at $157,000. Quadrature Capital Ltd lifted its stake in Dogness (International) by 71.5% in the fourth quarter. Quadrature Capital Ltd now owns 36,959 shares of the company’s stock valued at $392,000 after acquiring an additional 15,414 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in shares of Dogness (International) in the 3rd quarter valued at about $518,000. 5.12% of the stock is owned by institutional investors.

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.