Morgan Stanley boosted its stake in shares of Deswell Industries, Inc. (NASDAQ:DSWL) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 285,065 shares of the technology company’s stock after buying an additional 5,300 shares during the period. Morgan Stanley’s holdings in Deswell Industries were worth $793,000 at the end of the most recent reporting period.
Separately, ValuEngine raised Deswell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd.
Deswell Industries stock opened at $2.52 on Friday. The stock has a fifty day simple moving average of $2.61 and a two-hundred day simple moving average of $2.76. Deswell Industries, Inc. has a 12 month low of $2.47 and a 12 month high of $3.32.
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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