Deswell Industries (NASDAQ:DSWL) Shares Pass Above 200-Day Moving Average - Here's Why

Key Points

• Deswell shares crossed above its 200‑day moving average, briefly trading as high as $3.45 versus a 200‑day MA of $3.43; last trade was $3.34 on volume of 10,489, a short‑term technical bullish signal.
• Institutional inflow from Royal Palms Capital — the firm bought 460,893 shares (~$1.595M) in Q4, held 2.89% of Deswell at quarter end, and the stake made up about 1.9% of its portfolio (its 24th largest holding).
• Analyst and valuation snapshot — Weiss Ratings reiterated a "buy (b-)" and MarketBeat shows an average "Buy" rating; the stock has a $53.2M market cap, a P/E of 6.96 and a beta of 0.67.

Deswell Industries, Inc. (NASDAQ:DSWL - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.43 and traded as high as $3.45. Deswell Industries shares last traded at $3.34, with a volume of 10,489 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "buy (b-)" rating on shares of Deswell Industries in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Deswell Industries has an average rating of "Buy".

Deswell Industries Stock Performance

The stock's fifty day moving average is $3.31 and its 200 day moving average is $3.43. The stock has a market cap of $53.24 million, a P/E ratio of 6.96 and a beta of 0.67.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Deswell Industries stock. Royal Palms Capital LLC purchased a new stake in Deswell Industries, Inc. (NASDAQ:DSWL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 460,893 shares of the technology company's stock, valued at approximately $1,595,000. Deswell Industries comprises about 1.9% of Royal Palms Capital LLC's portfolio, making the stock its 24th largest holding. Royal Palms Capital LLC owned 2.89% of Deswell Industries at the end of the most recent quarter.

Deswell Industries Company Profile

Deswell Industries, Inc NASDAQ: DSWL is a China-based medical device company that designs, develops, manufactures and distributes airway management and respiratory care products. The company's product portfolio includes laryngeal mask airways, disposable endotracheal tubes, nebulizers, oxygen therapy equipment, humidifiers and related ventilator accessories. Deswell's devices are used in hospitals, clinics and home-care settings to support anesthesia, emergency medicine and respiratory treatment.

Founded in 2003 and headquartered in Shenzhen, Deswell operates multiple manufacturing facilities that comply with international quality standards, including FDA 510(k) clearances and CE markings for many of its devices.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.