Deswell Industries (NASDAQ:DSWL) Releases Earnings Results

Deswell Industries (NASDAQ:DSWL) posted its earnings results on Thursday. The technology company reported $0.16 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $16.51 million during the quarter.

Deswell Industries Stock Down 0.7%

NASDAQ:DSWL traded down $0.02 during mid-day trading on Friday, reaching $3.00. 931 shares of the company were exchanged, compared to its average volume of 6,665. Deswell Industries has a 12 month low of $2.80 and a 12 month high of $4.06. The company has a fifty day moving average of $3.05 and a 200 day moving average of $3.29. The stock has a market cap of $47.67 million, a PE ratio of 6.25 and a beta of 0.51.

Deswell Industries Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Wednesday, December 2nd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a yield of 657.0%. Deswell Industries’s dividend payout ratio is currently 41.67%.

Analysts Set New Price Targets

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

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.