Deswell Industries (NASDAQ:DSWL) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Deswell Industries, Inc. (NASDAQ:DSWL) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.35 and traded as high as $2.49. Deswell Industries shares last traded at $2.49, with a volume of 9,045 shares.

Deswell Industries Trading Up 1.2%

The company has a fifty day simple moving average of $2.33 and a two-hundred day simple moving average of $2.35.

Deswell Industries Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be paid a $0.10 dividend. The ex-dividend date is Thursday, July 3rd. This represents a yield of 8.2%.

Institutional Investors Weigh In On Deswell Industries

An institutional investor recently bought a new position in Deswell Industries stock. Garde Capital Inc. bought a new position in shares of Deswell Industries, Inc. (NASDAQ:DSWL) during the 4th quarter, according to the company in its most recent Form 13F filing with the 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 SEC.

Deswell Industries Company Profile

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.