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Deswell Industries (NASDAQ:DSWL) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Deswell Industries logo with Computer and Technology background

Key Points

  • Deswell Industries' stock has crossed above its 200-day moving average, trading as high as $4.26, indicating potential upward momentum.
  • The company recently announced a semi-annual dividend of $0.10 per share, translating to a remarkable dividend yield of 820.0%.
  • Garde Capital Inc. acquired a new stake in Deswell Industries, purchasing 83,048 shares valued at approximately $198,000.
  • MarketBeat previews top five stocks to own in November.

Deswell Industries, Inc. (NASDAQ:DSWL - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.69 and traded as high as $4.26. Deswell Industries shares last traded at $4.15, with a volume of 14,722 shares changing hands.

Deswell Industries Price Performance

The company's 50-day moving average is $3.44 and its 200 day moving average is $2.73.

Hedge Funds Weigh In On Deswell Industries

An institutional investor recently bought a new position in Deswell Industries stock. Garde Capital Inc. purchased a new position in shares of Deswell Industries, Inc. (NASDAQ:DSWL - Free Report) in the fourth quarter, according to its most recent Form 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 at the end of the most recent quarter.

Deswell Industries Company Profile

(Get Free Report)

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.

See Also

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