Deswell Industries (NASDAQ:DSWL) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Deswell Industries, Inc. (NASDAQ:DSWL) passed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $3.05 and traded as low as $2.99. Deswell Industries shares last traded at $3.0350, with a volume of 5,234 shares trading hands.

Analyst Ratings Changes

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

Deswell Industries Trading Down 3.7%

The company has a market cap of $48.23 million, a P/E ratio of 6.32 and a beta of 0.51. The business has a 50 day moving average price of $3.05 and a 200-day moving average price of $3.29.

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.