Deswell Industries (NASDAQ:DSWL) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Deswell Industries, Inc. (NASDAQ:DSWL)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.89 and traded as high as $3.95. Deswell Industries shares last traded at $3.95, with a volume of 11,201 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Deswell Industries in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Deswell Industries Stock Performance

The company has a 50 day simple moving average of $3.73 and a two-hundred day simple moving average of $2.89.

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.