Dogness (International) (NASDAQ:DOGZ) Stock Price Down 11.6% – Here’s Why

Dogness (International) Corporation (NASDAQ:DOGZ)’s stock price dropped 11.6% during trading on Thursday . The stock traded as low as $1.10 and last traded at $1.1050. Approximately 594,642 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 2,921,886 shares. The stock had previously closed at $1.25.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DOGZ. Weiss Ratings reiterated a “sell (d-)” rating on shares of Dogness (International) in a research report on Wednesday, January 21st. Wall Street Zen lowered Dogness (International) from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Dogness (International) has a consensus rating of “Sell”.

Dogness (International) Stock Down 11.6%

The company has a debt-to-equity ratio of 0.02, a current ratio of 3.35 and a quick ratio of 2.91. The firm’s 50-day moving average is $9.17 and its 200-day moving average is $10.97.

Dogness (International) (NASDAQ:DOGZ) last issued its quarterly earnings results on Friday, October 17th. The company reported ($0.12) earnings per share (EPS) for the quarter. The business had revenue of $4.31 million during the quarter.

Institutional Investors Weigh In On Dogness (International)

A number of institutional investors have recently made changes to their positions in the business. UBS Group AG grew its holdings in shares of Dogness (International) by 106,624.5% during the 3rd quarter. UBS Group AG now owns 52,295 shares of the company’s stock valued at $674,000 after purchasing an additional 52,246 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in Dogness (International) in the third quarter worth $518,000. Finally, Tower Research Capital LLC TRC boosted its position in Dogness (International) by 687.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,953 shares of the company’s stock valued at $48,000 after buying an additional 2,578 shares during the period. Hedge funds and other institutional investors own 5.12% of the company’s stock.

Dogness (International) Company Profile

Dogness (International) Corporation is a provider of pet health and lifestyle products that focuses on smart and interactive solutions for companion animals. The company designs, manufactures and markets a range of pet care products that integrate technology to enhance monitoring, feeding, exercise and enrichment for dogs and cats. Its product portfolio caters to pet owners seeking automated, data-driven tools to support pet well-being and owner convenience.

The company’s offerings include automatic pet feeders and water fountains equipped with programmable schedules, smartphone connectivity and real-time portion controls.