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Deswell Industries (NASDAQ:DSWL) Shares Cross Above 200-Day Moving Average - Time to Sell?

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.
  • Interested in Deswell Industries? Here are five stocks we like better.

Deswell Industries, Inc. (NASDAQ:DSWL - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-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.

Deswell Industries Trading Down 0.5%

The stock's 50-day moving average is $3.34 and its two-hundred day moving average is $2.69.

Deswell Industries Dividend Announcement

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

Hedge Funds Weigh In On Deswell Industries

A hedge fund recently bought a new stake in Deswell Industries stock. Garde Capital Inc. bought a new position in shares of Deswell Industries, Inc. (NASDAQ:DSWL - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 83,048 shares of the technology company's stock, valued at approximately $198,000. Garde Capital Inc. owned 0.52% of Deswell Industries as of its most recent SEC filing.

About Deswell Industries

(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.

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