Royal Palms Capital LLC acquired a new stake in Deswell Industries, Inc. (NASDAQ:DSWL – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries comprises approximately 1.9% of Royal Palms Capital LLC’s investment portfolio, making the stock its 24th largest position.
Deswell Industries Stock Performance
Shares of NASDAQ DSWL opened at $3.47 on Wednesday. The business’s 50 day moving average price is $3.27 and its 200-day moving average price is $3.42. Deswell Industries, Inc. has a fifty-two week low of $2.26 and a fifty-two week high of $4.48. The company has a market cap of $55.31 million, a price-to-earnings ratio of 7.23 and a beta of 0.67.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings downgraded Deswell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 18th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.
About Deswell Industries
Deswell Industries, Inc (NASDAQ: DSWL) is a China-based medical device company that designs, develops, manufactures and distributes airway management and respiratory care products. The company’s product portfolio includes laryngeal mask airways, disposable endotracheal tubes, nebulizers, oxygen therapy equipment, humidifiers and related ventilator accessories. Deswell’s devices are used in hospitals, clinics and home-care settings to support anesthesia, emergency medicine and respiratory treatment.
Founded in 2003 and headquartered in Shenzhen, Deswell operates multiple manufacturing facilities that comply with international quality standards, including FDA 510(k) clearances and CE markings for many of its devices.
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