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 traded.

Wall Street Analysts Forecast Growth

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

Deswell Industries Stock Performance

The firm has a market capitalization of $48.23 million, a P/E ratio of 6.32 and a beta of 0.51. The firm’s 50-day moving average is $3.05 and its 200 day moving average is $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.