Deswell Industries (NASDAQ:DSWL) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

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 - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 Trading Down 3.4%

The stock's 50 day moving average is $2.95 and its 200 day moving average is $2.54.

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 paid a dividend of $0.10 per share. This represents a dividend yield of 820.0%. The ex-dividend date was Thursday, July 3rd.

Institutional Trading of 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) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Deswell Industries

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.