Dogness (International) (NASDAQ:DOGZ) Trading Up 6.5% – Time to Buy?

Shares of Dogness (International) Corporation (NASDAQ:DOGZ) shot up 6.5% on Monday . The stock traded as high as $0.99 and last traded at $0.94. Approximately 258,159 shares traded hands during trading, an increase of 606% from the average daily volume of 36,567 shares. The stock had previously closed at $0.8830.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DOGZ. Wall Street Zen downgraded Dogness (International) from a “sell” rating to a “strong sell” rating in a report on Saturday, April 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Dogness (International) in a research note on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Dogness (International) Stock Up 6.5%

The business’s 50-day moving average is $1.05 and its two-hundred day moving average is $1.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.75 and a quick ratio of 1.45.

Hedge Funds Weigh In On Dogness (International)

A number of large investors have recently modified their holdings of the business. UBS Group AG raised its holdings in Dogness (International) by 106,624.5% during the third quarter. UBS Group AG now owns 52,295 shares of the company’s stock worth $674,000 after acquiring an additional 52,246 shares in the last quarter. BNP Paribas Financial Markets bought a new position in Dogness (International) in the third quarter valued at approximately $518,000. Quadrature Capital Ltd grew its stake in Dogness (International) by 71.5% in the fourth quarter. Quadrature Capital Ltd now owns 36,959 shares of the company’s stock valued at $392,000 after purchasing an additional 15,414 shares in the last quarter. Marex Group plc acquired a new position in shares of Dogness (International) during the 4th quarter worth approximately $157,000. Finally, Jane Street Group LLC bought a new stake in shares of Dogness (International) during the 4th quarter worth approximately $153,000. 5.12% of the stock is currently owned by institutional investors and hedge funds.

About Dogness (International)

Dogness (International) Corporation is a provider of pet health and lifestyle products that focuses on smart and interactive solutions for companion animals. The company designs, manufactures and markets a range of pet care products that integrate technology to enhance monitoring, feeding, exercise and enrichment for dogs and cats. Its product portfolio caters to pet owners seeking automated, data-driven tools to support pet well-being and owner convenience.

The company’s offerings include automatic pet feeders and water fountains equipped with programmable schedules, smartphone connectivity and real-time portion controls.