Deswell Industries (NASDAQ:DSWL) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• Deswell Industries' stock crossed above its 200-day moving average, trading at $3.49, significantly higher than its average of $2.50.
• The company declared a semi-annual dividend of $0.10 per share, resulting in an impressive yield of 820.0%.
• Garde Capital Inc. has recently acquired a new position in Deswell Industries, purchasing 83,048 shares valued at approximately $198,000.

Deswell Industries, Inc. (NASDAQ:DSWL - ) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.50 and traded as high as $3.53. Deswell Industries shares last traded at $3.49, with a volume of 13,337 shares trading hands.

Deswell Industries Price Performance

The stock's 50-day moving average is $2.85 and its 200 day moving average is $2.50.

Deswell Industries Announces Dividend

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

Hedge Funds Weigh In On Deswell Industries

An institutional investor recently bought a new position in Deswell Industries stock. Garde Capital Inc. bought a new position in shares of Deswell Industries, Inc. (NASDAQ:DSWL - Free Report) in the fourth quarter, according to the company in its most recent filing 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 approximately 0.52% of Deswell Industries at the end of the most recent quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.