Royal Palms Capital LLC Makes New $1.60 Million Investment in Deswell Industries, Inc. $DSWL

Royal Palms Capital LLC bought a new position in Deswell Industries, Inc. (NASDAQ:DSWL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries makes up approximately 1.9% of Royal Palms Capital LLC’s portfolio, making the stock its 24th biggest holding. Royal Palms Capital LLC owned 2.89% of Deswell Industries at the end of the most recent quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Deswell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Deswell Industries currently has a consensus rating of “Hold”.

Deswell Industries Stock Performance

DSWL stock opened at $3.47 on Wednesday. Deswell Industries, Inc. has a fifty-two week low of $2.26 and a fifty-two week high of $4.48. The business’s 50-day moving average is $3.27 and its two-hundred day moving average is $3.42. The company has a market cap of $55.31 million, a price-to-earnings ratio of 7.23 and a beta of 0.67.

Deswell Industries Company Profile

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.