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Should You Buy Deswell Industries, Inc. (DSWL) Stock on Tuesday?

Tuesday, October 20, 2020 02:59 PM | InvestorsObserver Analysts

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Should You Buy Deswell Industries, Inc. (DSWL) Stock on Tuesday?

Deswell Industries, Inc. (DSWL) stock has gained 3.35% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
Deswell Industries, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DSWL!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.

InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.

Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With DSWL Stock Today?

Deswell Industries, Inc. (DSWL) stock is trading at $2.78 as of 2:54 PM on Tuesday, Oct 20, a drop of -$0.10, or -3.41% from the previous closing price of $2.88. Volume today is high. So far 239,423 shares have traded compared to average volume of 25,585 shares. The stock has traded between $2.63 and $3.12 so far today.

To see the top 5 stocks in the Electronic Components industry click here.

More About Deswell Industries, Inc.

Deswell Industries Inc is engaged in the manufacturing and selling of injection-molded plastic parts and components. In addition, it also offers manufacturing services for electronic products and subassemblies and manufactures metallic molds and accessory parts for original equipment manufacturers and contract manufacturers. The company conducts all of its manufacturing activities at separate plastics, electronics and metallic operation factories located in the People's Republic of China. It operates through the Plastic Injection Molding and Electronic Products Assembling segments. The firm offers products such as automobile components, medical testing equipment, parts for audio equipment, av receivers, active subwoofers, digital system key sets, communication products and others.

Click Here to get the full Stock Score Report on Deswell Industries, Inc. (DSWL) Stock.

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