Deswell Industries (NASDAQ:DSWL) Issues Quarterly Earnings Results

Deswell Industries (NASDAQ:DSWL) announced its quarterly earnings data on Thursday. The technology company reported $0.16 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $16.51 million during the quarter.

Deswell Industries Trading Up 1.8%

NASDAQ:DSWL traded up $0.06 during mid-day trading on Thursday, hitting $3.04. The stock had a trading volume of 889 shares, compared to its average volume of 10,523. The company has a 50 day simple moving average of $3.05 and a 200-day simple moving average of $3.29. The stock has a market capitalization of $48.37 million, a price-to-earnings ratio of 6.34 and a beta of 0.51. Deswell Industries has a 52 week low of $2.80 and a 52 week high of $4.06.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Deswell Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, November 4th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, Deswell Industries has a consensus rating of “Hold”.

Deswell Industries Company Profile

Deswell Industries, Inc. (NASDAQ: DSWL) is a manufacturer of plastic and electronic components for original equipment manufacturers and other industrial customers. The company’s primary activities include injection molding, plastic extrusion, and the assembly of electronic products. Its plastic manufacturing operations produce molded and extruded parts used in products such as consumer electronics, electrical appliances, automotive equipment, and other commercial and industrial applications. Deswell also provides related services, including tooling and mold fabrication, product assembly, and manufacturing support for customer-designed components.