Deswell Industries (NASDAQ:DSWL) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Deswell Industries' share price has surpassed its 200-day moving average, reaching a high of $3.80 compared to the average of $2.56.
• The company announced a semi-annual dividend of $0.10 per share, which resulted in an impressive dividend yield of 820.0%.
• Garde Capital Inc. has acquired a new position in Deswell Industries, purchasing approximately 83,048 shares valued at around $198,000.

Deswell Industries, Inc. (NASDAQ:DSWL - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.56 and traded as high as $3.80. Deswell Industries shares last traded at $3.78, with a volume of 3,465 shares traded.

Deswell Industries Trading Up 1.1%

The stock's 50 day simple moving average is $3.03 and its 200 day simple moving average is $2.57.

Deswell Industries Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd were paid a $0.10 dividend. This represents a dividend yield of 820.0%. The ex-dividend date was Thursday, July 3rd.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Deswell Industries stock. Garde Capital Inc. purchased a new position in Deswell Industries, Inc. (NASDAQ:DSWL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 83,048 shares of the technology company's stock, valued at approximately $198,000. Garde Capital Inc. owned about 0.52% of Deswell Industries as of its most recent filing with the Securities and Exchange Commission.

Deswell Industries Company Profile

Deswell Industries, Inc manufactures and sells injection-molded plastic parts and components, electronic products and subassemblies, and metallic molds and accessory parts for original equipment manufacturers and contract manufacturers in China, the United States, Europe, Hong Kong, the United Kingdom, Canada, and internationally.