Deswell Industries (NASDAQ:DSWL) Shares Pass Above 200-Day Moving Average of $2.87

Deswell Industries, Inc. (NASDAQ:DSWL)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.87 and traded as high as $2.79. Deswell Industries shares last traded at $2.79, with a volume of 803 shares traded.

The stock has a 50 day moving average price of $2.67 and a 200-day moving average price of $2.87.

An institutional investor recently raised its position in Deswell Industries stock. Morgan Stanley increased its stake in shares of Deswell Industries, Inc. (NASDAQ:DSWL) by 1.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 285,065 shares of the technology company’s stock after buying an additional 5,300 shares during the quarter. Morgan Stanley owned about 1.79% of Deswell Industries worth $793,000 at the end of the most recent reporting period. 4.03% of the stock is currently owned by institutional investors and hedge funds.

Deswell Industries Company Profile (NASDAQ:DSWL)

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. It produces a range of plastic parts and components that are used in the manufacture of consumer and industrial products, which include plastic components of electronic entertainment products; cases for flashlights, telephones, paging machines, projectors, and alarm clocks; toner cartridges and cases for photocopy and printer machines; and parts for electrical products, such as air-conditioning and ventilators, as well as parts for audio equipment and cases, and key tops for personal organizers and remote controls; double injection caps and baby products; parts for medical products comprising apparatus for blood tests; laser key caps; and automobile components.

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