Deswell Indus Stock (NASDAQ:DSWL), Trade Ideas

Deswell Indus

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.

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Deswell Industries Inc

Deswell Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSWL#NASDAQ">DSWL</a>) is pleased to announce that the Board of Directors has unanimously elected Ms. Lau Wai Ming as Chairman of the Board, effective February 19, 2024. Ms. Lau was elected to the Board of Directors by the Company&rsquo;s shareholders at the 2023 Annual Meeting of Shareholders on February 6, 2024.

Management

Wai Ming Lau Elected Chairman Of The Board Of Directors Of Deswell Industries

Deswell Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSWL#NASDAQ">DSWL</a>) today announced its unaudited financial results for the first six months of fiscal 2023, ended September 30, 2023.
Net sales for the six months ended September 30, 2023 were $37.7 million, a decrease of 15.1% compared to net sales of $44.4 million for the six months ended September 30, 2022. Net sales decreased by 24.6% to $6.3 million in the plastic segment and by 12.9% to $31.4 million in the Company's electronic segment.
Total gross margin increased to 19.5% of net sales during the six months ended September 30, 2023, as compared to 16.0% of net sales in the same period last year. Gross profit margin in the plastic segment increased to 19.6% of net sales for the first half of fiscal 2024, compared to 13.2% of net sales for the corresponding period of last fiscal year. The increase in gross margin in the plastic segment was mainly due to decreases in raw materials cost, and in basic pay rate of labor costs due to lower headcount and the depreciation of renminbi in the first six months of fiscal 2024. Gross profit margin in the electronic segment increased to 19.5% of net sales for the first half of fiscal 2024, compared to 16.7% of net sales for the corresponding period of last fiscal year. The increase in gross margin in the electronic segment was mainly the result of the depreciation of renminbi, and decreases in raw materials and labor costs due to continuous cost control measures in the segment for the first six months of fiscal 2024. Operating income in the first half of fiscal 2024 was $2.3 million, compared to operating income of $2.0 million for the same period of fiscal 2023.
The Company reported net income of $3.6 million for the six months ended September 30, 2023, compared to net loss of $0.6 million for the six months ended September 30, 2022. This was primarily due to non-operating income of $1.4 million for the six months ended September 30, 2023, as compared to a non-operating expense of $2.3 million for the same period of fiscal 2023. Deswell reported basic and diluted income per share of $0.22 for the first half of fiscal 2024 (based on 15,935,000 and 15,973,000 weighted average shares outstanding), as compared to basic and diluted loss per share of $0.04 for the first half of fiscal 2023 (based on 15,935,000 and 15,935,000 weighted average shares outstanding), for the six months ended September 30, 2022.
The Company's financial position remained strong, with $17.4 million in cash and cash equivalents and working capital totaling $63.8 million as of September 30, 2023. Furthermore, the Company has no long-term or short-term borrowings as of September 30, 2023.
Mr. Edward So, Chief Executive Officer, commented, "With global inflation continuing to rise, consumers are spending less on non-essential items such as home audio equipment and entertainment products as they navigate the challenging economy. Despite the sales pressure we encountered in the first half of fiscal 2024, we're pleased to have achieved enhanced margins and significantly improved profitability, with net income of $3.6 million or $0.22 per share, as compared to a net loss of $0.6 million in the first half of fiscal 2023. Margins were favorably impacted by lower raw materials costs related to an improved supply chain environment and by our ongoing expense control initiatives. Additionally, our margin performance benefitted from the depreciation of renmibi in the first half of 2024.
"We continue to work diligently with our customers to develop new products strategically tailored to appeal to our end markets during this challenging economic landscape. Our balance sheet remains strong with a solid cash position and no debt, providing us the financial flexibility to deliver strong operating performance while implementing our long-term growth strategy to capitalize on market demand for our manufacturing capabilities."

Earnings

Deswell Industries Reports H1 2024 Results; H1 EPS $0.22 Up From $0.04 YoY; H1 Net Sales $37.7M Down From $44.4M YoY

By the end of today, July 28, 2023, Methode Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEI#NYSE">MEI</a>) is set to deliver a dividend payout of $0.14 per share, equating to an annualized dividend yield of 1.51%. The company's dividend payout went ex-dividend on July 13, 2023, so only the investors that owned the stock prior to the ex-dividend date will receive this payout. 
<h3>Methode Electronics Recent Dividend Payouts</h3>
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<thead>
<tr>
<th>Ex-Date</th>
<th align="right">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-07-13</td>
<td align="right">4</td>
<td>$0.14</td>
<td>1.51%</td>
<td>2023-06-15</td>
<td>2023-07-14</td>
<td>2023-07-28</td>
</tr>
<tr>
<td>2023-04-13</td>
<td align="right">4</td>
<td>$0.14</td>
<td>1.35%</td>
<td>2023-03-16</td>
<td>2023-04-14</td>
<td>2023-04-28</td>
</tr>
<tr>
<td>2023-01-12</td>
<td align="right">4</td>
<td>$0.14</td>
<td>1.21%</td>
<td>2022-12-15</td>
<td>2023-01-13</td>
<td>2023-01-27</td>
</tr>
<tr>
<td>2022-10-13</td>
<td align="right">4</td>
<td>$0.14</td>
<td>1.44%</td>
<td>2022-09-14</td>
<td>2022-10-14</td>
<td>2022-10-28</td>
</tr>
<tr>
<td>2022-07-14</td>
<td align="right">4</td>
<td>$0.14</td>
<td>1.42%</td>
<td>2022-06-16</td>
<td>2022-07-15</td>
<td>2022-07-29</td>
</tr>
<tr>
<td>2022-04-13</td>
<td align="right">4</td>
<td>$0.14</td>
<td>1.31%</td>
<td>2022-03-17</td>
<td>2022-04-14</td>
<td>2022-04-29</td>
</tr>
<tr>
<td>2022-01-13</td>
<td align="right">4</td>
<td>$0.14</td>
<td>1.24%</td>
<td>2021-12-09</td>
<td>2022-01-14</td>
<td>2022-01-28</td>
</tr>
<tr>
<td>2021-10-14</td>
<td align="right">4</td>
<td>$0.14</td>
<td>1.31%</td>
<td>2021-09-15</td>
<td>2021-10-15</td>
<td>2021-10-29</td>
</tr>
<tr>
<td>2021-07-15</td>
<td align="right">4</td>
<td>$0.14</td>
<td>1.16%</td>
<td>2021-06-17</td>
<td>2021-07-16</td>
<td>2021-07-30</td>
</tr>
<tr>
<td>2021-04-15</td>
<td align="right">4</td>
<td>$0.11</td>
<td>0.98%</td>
<td>2021-03-19</td>
<td>2021-04-16</td>
<td>2021-04-30</td>
</tr>
<tr>
<td>2021-01-14</td>
<td align="right">4</td>
<td>$0.11</td>
<td>1.17%</td>
<td>2020-12-14</td>
<td>2021-01-15</td>
<td>2021-01-29</td>
</tr>
<tr>
<td>2020-10-15</td>
<td align="right">4</td>
<td>$0.11</td>
<td>1.56%</td>
<td>2020-09-16</td>
<td>2020-10-16</td>
<td>2020-10-30</td>
</tr>
</tbody>
</table>
In terms of dividend yield, Methode Electronics finds itself in the middle ground among its industry peers, while Deswell Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSWL#NASDAQ">DSWL</a>) takes the lead with the highest annualized dividend yield at 7.84%.
<h3>Analyzing Methode Electronics Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1690556735_0.png" alt="dividend chart graph" />
During the period of 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $0.44 to $0.56, reflecting the company's focus on providing greater returns to its shareholders.
<h3>YoY Earnings Growth For Methode Electronics</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1690556735_1.png" alt="earning chart graph" />
The earnings chart displays a decline in Methode Electronics's earnings per share, decreasing from $2.84 in 2019 to $2.55 in 2022. This downward trend in earnings raises concerns for income-seeking investors, as it suggests a potential impact on future cash dividend payouts. It is important to closely evaluate the factors contributing to this decrease to assess the company's financial health and dividend sustainability.
<h3>Recap</h3>
In this article, we explore the recent dividend payout of Methode Electronics and its significance for shareholders. The company has decided to distribute a dividend of $0.14 per share today, which equates to an annualized dividend yield of 1.51%.
In terms of dividend yield, Methode Electronics finds itself in the middle ground among its industry peers, while Deswell Indus takes the lead with the highest annualized dividend yield at 7.84%.
The increase in dividend per share from 2019 to 2022 combined with a decrease in earnings per share for Methode Electronics suggests a strategic decision to prioritize shareholder returns over earnings growth.
It is essential for investors to closely track the company's performance in the coming quarters to remain updated regarding any alterations in financials or dividend disbursements.
[Track real-time stock fluctuations for Methode Electronics on Benzinga.](https://www.benzinga.com/quote/Methode Electronics (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mei#NYSE">MEI</a>))
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Dividends

Commitment to Shareholders amid Decreased Earnings: Methode Electronics Ensures Steady Distribution

By the end of today, July 13, 2023, Benchmark Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) is set to deliver a dividend payout of $0.17 per share, equating to an annualized dividend yield of 2.69%. The company's dividend payout went ex-dividend on June 29, 2023, so only the investors that owned the stock prior to the ex-dividend date will receive this payout. 
<h3>Benchmark Electronics Recent Dividend Payouts</h3>
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<thead>
<tr>
<th>Ex-Date</th>
<th align="right">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-06-29</td>
<td align="right">4</td>
<td>$0.17</td>
<td>2.69%</td>
<td>2023-06-12</td>
<td>2023-06-30</td>
<td>2023-07-13</td>
</tr>
<tr>
<td>2023-03-30</td>
<td align="right">4</td>
<td>$0.17</td>
<td>2.82%</td>
<td>2023-03-13</td>
<td>2023-03-31</td>
<td>2023-04-13</td>
</tr>
<tr>
<td>2022-12-29</td>
<td align="right">4</td>
<td>$0.17</td>
<td>2.36%</td>
<td>2022-12-12</td>
<td>2022-12-30</td>
<td>2023-01-13</td>
</tr>
<tr>
<td>2022-09-29</td>
<td align="right">4</td>
<td>$0.17</td>
<td>2.47%</td>
<td>2022-09-12</td>
<td>2022-09-30</td>
<td>2022-10-14</td>
</tr>
<tr>
<td>2022-06-29</td>
<td align="right">4</td>
<td>$0.17</td>
<td>2.93%</td>
<td>2022-06-21</td>
<td>2022-06-30</td>
<td>2022-07-14</td>
</tr>
<tr>
<td>2022-03-30</td>
<td align="right">4</td>
<td>$0.17</td>
<td>2.56%</td>
<td>2022-03-14</td>
<td>2022-03-31</td>
<td>2022-04-14</td>
</tr>
<tr>
<td>2021-12-29</td>
<td align="right">4</td>
<td>$0.17</td>
<td>2.63%</td>
<td>2021-12-13</td>
<td>2021-12-30</td>
<td>2022-01-13</td>
</tr>
<tr>
<td>2021-09-29</td>
<td align="right">4</td>
<td>$0.17</td>
<td>2.42%</td>
<td>2021-09-15</td>
<td>2021-09-30</td>
<td>2021-10-14</td>
</tr>
<tr>
<td>2021-06-29</td>
<td align="right">4</td>
<td>$0.17</td>
<td>2.19%</td>
<td>2021-06-15</td>
<td>2021-06-30</td>
<td>2021-07-14</td>
</tr>
<tr>
<td>2021-03-30</td>
<td align="right">4</td>
<td>$0.16</td>
<td>2.02%</td>
<td>2021-03-15</td>
<td>2021-03-31</td>
<td>2021-04-14</td>
</tr>
<tr>
<td>2020-12-29</td>
<td align="right">4</td>
<td>$0.16</td>
<td>2.52%</td>
<td>2020-12-11</td>
<td>2020-12-30</td>
<td>2021-01-13</td>
</tr>
<tr>
<td>2020-09-29</td>
<td align="right">4</td>
<td>$0.16</td>
<td>3.28%</td>
<td>2020-09-11</td>
<td>2020-09-30</td>
<td>2020-10-14</td>
</tr>
</tbody>
</table>
In terms of dividend yield, Benchmark Electronics finds itself in the middle ground among its industry peers, while Deswell Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSWL#NASDAQ">DSWL</a>) takes the lead with the highest annualized dividend yield at 7.75%.
<h3>Analyzing Benchmark Electronics Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1689260730_0.png" alt="dividend chart graph" />
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $0.60 in 2019 to $0.66 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
<h3>YoY Earnings Growth For Benchmark Electronics</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1689260730_1.png" alt="earning chart graph" />
Investors can observe a growth in earnings for Benchmark Electronics from 2019 to 2022, as earnings per share increased from $1.46 to $1.99. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
<h3>Recap</h3>
This article delves into the recent dividend payout of Benchmark Electronics and its implications for shareholders. Presently, the company is distributing a dividend of $0.17 per share, leading to an annualized dividend yield of 2.69%.
In terms of dividend yield, Benchmark Electronics finds itself in the middle ground among its industry peers, while Deswell Indus takes the lead with the highest annualized dividend yield at 7.75%.
Considering the increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, Benchmark Electronics appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
It is essential for investors to closely track the company's performance in the coming quarters to remain updated regarding any alterations in financials or dividend disbursements.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Achieving Growth and Investor Rewards: Benchmark Electronics Flourishes with Strong Performance and Rising Profits

Deswell Industries 2H 2023 EPS $0.16 Down From $0.25 YoY, Sales $33.105M Down From $45.708M YoY

The Board of Directors of Deswell Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSWL#NASDAQ">DSWL</a>) is saddened to announce that Mr. Richard Pui Hon Lau, the Company's chairman, passed away on June 12, 2023.
The Board of Directors issued the following statement: "The Company's directors, Chief Executive Officer, Chief Financial Officer and employees are immensely saddened by the passing of Mr. Lau. Mr. Lau served the Company and its predecessors since its inception in 1987. During his 36 years at Deswell, Mr. Lau led the Company to transform and grow from a small plastic plant to a Nasdaq listed company, producing a wide variety of plastic parts and components, electronic products and subassemblies and metallic molds. The contribution made by Mr. Lau to the Company is immeasurable. We will miss him greatly. We extend our sympathies to his family."
The Board of Directors also announced the appointment of Mr. Chin Pang Li as the Chairman of the Board of Directors. Mr. Li has served the Company as a Member of the Board of Directors and in various executive capacities with the Company and its predecessors since its inception in 1987. He became Secretary of the Company in February 1995 and Chief Financial Officer in May 1995, a position which he held until March 31, 2006. Mr. Li received his Bachelor of Science degree from Chun Yan Institute College, Taiwan in 1967.
Additionally, the Board of Directors announces the appointment of Mr. Ben Yiu Sing Poon as interim Director, until the Company's 2023 Annual General Meeting, or other shareholders' meeting called before such date, when his appointment shall be submitted for shareholder approval.
Mr. Poon has been working in one of the company's major subsidiaries since 2002. He received his bachelor's degree in mechanical engineering design from Northeastern University in Massachusetts in 2002. He has been working in the plastic injection manufacturing industrial field for 21 years and was appointed as a General Manager of a major subsidiary since 2022. Mr. Poon is the nephew of Mr. Lau.
Mr. Lau and the Board had taken care over the years to ensure that the Company and its subsidiaries would be prepared to continue in his absence. There will be no changes in the operation of the Company, and at this time the Lau family has no plans to dispose of the shares under their ownership.

Deswell Announces The Passing Of Richard P.H. Lau, Chairman; Board Of Directors Announces The Appointment Of Mr. Ben Yiu Sing Poon As Interim Director

Deswell 2H Sales $45.7M, Up 22.9% YoY

&nbsp;
<h3>Gainers</h3>
<ul>
<li>Addvantage Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEY#NASDAQ">AEY</a>) shares rose 15.7% to $2.13 during Tuesday&#39;s regular session. As of 12:32 EST, Addvantage Technologies&#39;s stock is trading at a volume of 10.5 million, which is 16823.5% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $26.6 million. As per the press release, Q4 earnings came out yesterday.</li>
<li>Deswell Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSWL#NASDAQ">DSWL</a>) shares increased by 7.44% to $4.04. The company&#39;s market cap stands at $64.3 million.</li>
<li>O2Micro Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OIIM#NASDAQ">OIIM</a>) shares increased by 6.91% to $4.79. As of 12:32 EST, this security is trading at a volume of 195.3K shares, making up 181.4% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $136.5 million.</li>
<li>Iris Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) stock moved upwards by 6.56% to $16.88. Iris Energy&#39;s stock is trading at a volume of 108.7K shares as of 12:32 EST. This is 27.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $929.0 million.</li>
<li>Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFA#NASDAQ">BELFA</a>) shares rose 5.36% to $15.33. The market value of their outstanding shares is at $190.1 million.</li>
<li>Clear Secure (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YOU#NYSE">YOU</a>) shares rose 4.21% to $31.65. The current volume of 1.1 million shares is 249.2% of Clear Secure&#39;s average full-day volume over the last 100 days (last updated at 12:32 EST). The company&#39;s market cap stands at $2.3 billion.</li>
<li>&nbsp;</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Powerbridge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PBTS#NASDAQ">PBTS</a>) stock fell 29.0% to $0.66 during Tuesday&#39;s regular session. As of 12:32 EST, Powerbridge Technologies&#39;s stock is trading at a volume of 8.0 million, which is 88.0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $37.1 million.</li>
<li>Nxt-ID (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTD#NASDAQ">NXTD</a>) shares fell 14.38% to $4.04. Trading volume for Nxt-ID&#39;s stock is 2.9 million as of 12:32 EST. This is 22.7% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $35.9 million.</li>
<li>Grid Dynamics Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDYN#NASDAQ">GDYN</a>) shares decreased by 11.91% to $37.07. Grid Dynamics Holdings&#39;s stock is trading at a volume of 437.7K shares as of 12:32 EST. This is 97.3% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $2.4 billion.</li>
<li>Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) shares declined by 11.12% to $35.02. Trading volume for this security as of 12:32 EST is 8.2 million, which is 63.4% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $3.5 billion.</li>
<li>CI&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CINT#NYSE">CINT</a>) stock fell 10.16% to $10.44. As of 12:32 EST, CI&amp;T&#39;s stock is trading at a volume of 88.3K, which is 51.6% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $1.3 billion.</li>
<li>Argo Blockchain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBK#NASDAQ">ARBK</a>) stock decreased by 10.09% to $13.24. Trading volume for Argo Blockchain&#39;s stock is 194.4K as of 12:32 EST. This is 43.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $619.9 million. See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

Intraday Update

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12 Information Technology Stocks Moving In Tuesday's Intraday Session

Deswell 1H Net Sales $39.8M, Up 43.7% YoY

&nbsp;
<h3>Gainers</h3>
<ul>
<li>Indie Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDI#NASDAQ">INDI</a>) stock moved upwards by 11.92% to $12.2 during Thursday&#39;s regular session. As of 12:30 EST, Indie Semiconductor&#39;s stock is trading at a volume of 4.1 million, which is 387.5% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $1.5 billion.</li>
<li>Red Cat Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) stock moved upwards by 9.12% to $3.69. Red Cat Holdings&#39;s stock is trading at a volume of 12.5 million shares as of 12:30 EST. This is 174.08% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $197.9 million.</li>
<li>Renren (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RENN#NYSE">RENN</a>) stock increased by 8.98% to $14.43. The market value of their outstanding shares is at $346.5 million.</li>
<li>Marin Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRIN#NASDAQ">MRIN</a>) shares rose 8.13% to $9.04. Marin Software&#39;s stock is trading at a volume of 2.8 million shares as of 12:30 EST. This is 12.75% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $139.8 million.</li>
<li>Data Storage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTST#NASDAQ">DTST</a>) shares increased by 7.93% to $4.49. Trading volume for Data Storage&#39;s stock is 98.9K as of 12:30 EST. This is 4.61% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $30.0 million.</li>
<li>Borqs Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRQS#NASDAQ">BRQS</a>) stock rose 6.75% to $0.6. The current volume of 5.1 million shares is 45.79% of Borqs Technologies&#39;s average full-day volume over the last 100 days (last updated at 12:30 EST). The company&#39;s market cap stands at $53.6 million.</li>
</ul>
&nbsp;
&nbsp;
<h3>Losers</h3>
&nbsp;
<ul>
<li>Bit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) stock decreased by 12.61% to $6.91 during Thursday&#39;s regular session. As of 12:30 EST, Bit Digital&#39;s stock is trading at a volume of 11.4 million, which is 62.76% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $380.1 million.</li>
<li>Deswell Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSWL#NASDAQ">DSWL</a>) stock declined by 9.25% to $3.52. The market value of their outstanding shares is at $56.1 million.</li>
<li>Sigmatron International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMA#NASDAQ">SGMA</a>) shares declined by 8.82% to $8.7. As of 12:30 EST, Sigmatron International&#39;s stock is trading at a volume of 251.9K, which is 53.6% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $37.2 million.</li>
<li>PCTEL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCTI#NASDAQ">PCTI</a>) shares decreased by 8.43% to $5.76. The current volume of 283.0K shares is 414.39% of PCTEL&#39;s average full-day volume over the last 100 days (last updated at 12:30 EST). The market value of their outstanding shares is at $105.3 million.</li>
<li>Rockley Photonics Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKLY#NYSE">RKLY</a>) stock decreased by 8.08% to $7.46. The market value of their outstanding shares is at $941.2 million. 
	See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
&nbsp;
&nbsp;

Borqs Technologies, Inc. - Ordinary Shares

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11 Information Technology Stocks Moving In Thursday's Intraday Session

&nbsp;
<h3>Gainers</h3>
<ul>
<li>BSQUARE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSQR#NASDAQ">BSQR</a>) stock increased by 99.61% to $5.23 during Tuesday&#39;s regular session. BSQUARE&#39;s stock is trading at a volume of 94.0 million shares as of 12:30 EST. This is 21697.98% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $70.1 million.</li>
<li>Marin Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRIN#NASDAQ">MRIN</a>) shares rose 73.33% to $13.0. As of 12:30 EST, this security is trading at a volume of 215.6 million shares, making up 2309.5% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $142.5 million.</li>
<li>Exela Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELA#NASDAQ">XELA</a>) stock increased by 41.83% to $2.08. Trading volume for Exela Technologies&#39;s stock is 233.2 million as of 12:30 EST. This is 9293.21% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $123.4 million.</li>
<li>Infobird Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFBD#NASDAQ">IFBD</a>) stock increased by 37.57% to $5.34. As of 12:30 EST, this security is trading at a volume of 22.0 million shares, making up 1694.34% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $134.7 million.</li>
<li>Powerbridge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PBTS#NASDAQ">PBTS</a>) stock increased by 32.86% to $1.9. Powerbridge Technologies&#39;s stock is trading at a volume of 5.4 million shares as of 12:30 EST. This is 538.23% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $87.1 million.</li>
<li>Auddia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUUD#NASDAQ">AUUD</a>) shares moved upwards by 22.57% to $7.22. Trading volume for this security as of 12:30 EST is 52.4 million, which is 4194.12% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $81.5 million.</li>
</ul>
&nbsp;
&nbsp;
<h3>Losers</h3>
&nbsp;
<ul>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETXP#NASDAQ">CETXP</a>) shares fell 16.61% to $2.21 during Tuesday&#39;s regular session. Trading volume for this security as of 12:30 EST is 1.0K, which is 59.84% of its average full-day volume over the last 100 days.</li>
<li>BTRS Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTRS#NASDAQ">BTRS</a>) stock fell 10.63% to $12.28. The current volume of 536.6K shares is 62.16% of BTRS Holdings&#39;s average full-day volume over the last 100 days (last updated at 12:30 EST). The company&#39;s market cap stands at $1.9 billion.</li>
<li>ALFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALF#NASDAQ">ALF</a>) shares declined by 8.45% to $17.02. As of 12:30 EST, this security is trading at a volume of 5.8 million shares, making up 25.98% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $242.5 million.</li>
<li>Atomera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATOM#NASDAQ">ATOM</a>) shares declined by 8.28% to $21.72. As of 12:30 EST, this security is trading at a volume of 339.3K shares, making up 59.87% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $500.3 million.</li>
<li>SilverSun Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSNT#NASDAQ">SSNT</a>) stock decreased by 6.47% to $11.06. Trading volume for SilverSun Technologies&#39;s stock is 137.6K as of 12:30 EST. This is 61.76% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $55.9 million.</li>
<li>Deswell Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSWL#NASDAQ">DSWL</a>) shares decreased by 6.19% to $4.85. As of 12:30 EST, this security is trading at a volume of 56.9K shares, making up 168.13% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $77.1 million.</li>
</ul>
&nbsp;
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&nbsp;
<h3>Gainers</h3>
<ul>
<li>Marin Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRIN#NASDAQ">MRIN</a>) shares rose 57.54% to $2.69 during Thursday&#39;s regular session. As of 12:30 EST, Marin Software&#39;s stock is trading at a volume of 130.1 million, which is 21478.79% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $29.5 million.</li>
<li>SEMrush Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEMR#NYSE">SEMR</a>) shares moved upwards by 21.88% to $24.62. SEMrush Hldgs&#39;s stock is trading at a volume of 1.6 million shares as of 12:30 EST. This is 322.54% of its average full-day volume over the last 100 days.</li>
<li>Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) stock increased by 18.25% to $77.33. As of 12:30 EST, Trade Desk&#39;s stock is trading at a volume of 19.4 million, which is 1290.03% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $36.7 billion.</li>
<li>GTT Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTT#NYSE">GTT</a>) shares rose 17.74% to $2.92. GTT Communications&#39;s stock is trading at a volume of 12.8 million shares as of 12:30 EST. This is 257.76% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $171.7 million.</li>
<li>Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) stock rose 14.16% to $44.42. As of 12:30 EST, this security is trading at a volume of 1.2 million shares, making up 103.88% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $5.1 billion.</li>
<li>ALFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALF#NASDAQ">ALF</a>) shares increased by 11.73% to $13.42. ALFI&#39;s stock is trading at a volume of 20.5 million shares as of 12:30 EST. This is 102.18% of its average full-day volume over the last 100 days.</li>
</ul>
&nbsp;
&nbsp;
<h3>Losers</h3>
&nbsp;
<ul>
<li>Concentrix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>) shares decreased by 7.93% to $144.44 during Thursday&#39;s regular session. As of 12:30 EST, Concentrix&#39;s stock is trading at a volume of 298.9K, which is 141.4% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $7.5 billion. As per the news, the Q2 earnings report came out yesterday.</li>
<li>Powerbridge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PBTS#NASDAQ">PBTS</a>) shares decreased by 7.15% to $1.36. Powerbridge Technologies&#39;s stock is trading at a volume of 312.5K shares as of 12:30 EST. This is 31.79% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $62.5 million.</li>
<li>Nortech Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSYS#NASDAQ">NSYS</a>) shares decreased by 5.86% to $6.94. Trading volume for this security as of 12:30 EST is 753, which is 4.89% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $18.4 million.</li>
<li>Deswell Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSWL#NASDAQ">DSWL</a>) stock decreased by 5.86% to $5.22. The current volume of 77.6K shares is 242.12% of Deswell Industries&#39;s average full-day volume over the last 100 days (last updated at 12:30 EST). The company&#39;s market cap stands at $83.1 million.</li>
<li>DoubleVerify Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DV#NYSE">DV</a>) stock declined by 5.69% to $40.63. Trading volume for DoubleVerify Hldgs&#39;s stock is 471.0K as of 12:30 EST. This is 71.56% of its average full-day volume over the last 100 days.</li>
<li>Genasys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNSS#NASDAQ">GNSS</a>) shares fell 5.66% to $5.51. Trading volume for Genasys&#39;s stock is 157.5K as of 12:30 EST. This is 86.28% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $198.4 million.</li>
</ul>
&nbsp;
&nbsp;

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12 Information Technology Stocks Moving In Thursday's Intraday Session

&nbsp;
Before 10 a.m. ET Tuesday, 59 stocks made new 52-week highs.
<h2>Intriguing Points:</h2>
<ul>
<li>Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) was the company with the largest market cap to set a new 52-week high.</li>
<li>Cross Timbers Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRT#NYSE">CRT</a>) was the smallest firm in terms of market cap to set a new 52-week high.</li>
<li>Sanderson Farms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAFM#NASDAQ">SAFM</a>) was the biggest gainer, trading up 10.51% to reach its 52-week high.</li>
</ul>
The stocks that set new 52-week highs as of 10 a.m. ET on Tuesday are the following:
<ul>
<li>Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) stock set a new 52-week high of $264.69 Tuesday morning. Over the session, the stock traded up 0.58%.</li>
<li>Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) stock made a new 52-week high of $572.62 Tuesday. The stock was up 0.51% for the day.</li>
<li>Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) shares achieved a new 52-week high on Tuesday morning, hitting $264.74 with a daily change of up 0.61%.</li>
<li>Atlassian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) shares set a new yearly high of $270.01 this morning. The stock was down 0.43% on the session.</li>
<li>Edwards Lifesciences (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>) stock made a new 52-week high of $103.34 Tuesday. The stock was up 0.06% for the day.</li>
<li>CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) stock on Tuesday broke to a yearly high of $254.36. Shares traded up 4.53%.</li>
<li>Public Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSA#NYSE">PSA</a>) shares hit a new 52-week high of $304.71. The stock traded up 0.24% on the session.</li>
<li>MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) stock on Tuesday broke to a yearly high of $518.99. Shares traded up 0.04%.</li>
<li>Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) shares broke to $240.88 on Tuesday, setting a new 52-week high with a change of up 0.91%.</li>
<li>Intl Flavors &amp; Fragrances (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IFF#NYSE">IFF</a>) stock made a new 52-week high of $148.86 Tuesday. The stock was up 0.15% for the day.</li>
<li>Cloudflare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) shares set a new yearly high of $102.74 this morning. The stock was down 0.25% on the session.</li>
<li>West Pharmaceutical Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WST#NYSE">WST</a>) stock set a new 52-week high of $358.63 Tuesday morning. Over the session, the stock traded down 0.09%.</li>
<li>Generac Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) shares broke to a new 52-week high of $391.80 on Tuesday. Shares of the company traded up 0.11%.</li>
<li>Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) shares were up 0.31% on Tuesday morning to hit a new 52-week high of $164.64.</li>
<li>TransUnion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRU#NYSE">TRU</a>) shares broke to $111.02 on Tuesday, setting a new 52-week high with a change of up 0.32%.</li>
<li>Avantor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVTR#NYSE">AVTR</a>) stock set a new 52-week high of $35.27 Tuesday morning. Over the session, the stock traded up 0.86%.</li>
<li>Tradeweb Markets (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TW#NASDAQ">TW</a>) shares reached a new 52-week high of $86.00 on Tuesday morning, moving up 0.35%.</li>
<li>CubeSmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) shares hit a yearly high of $47.36. The stock traded up 0.25% on the session.</li>
<li>Globus Medical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMED#NYSE">GMED</a>) shares achieved a new 52-week high on Tuesday morning, hitting $73.75 with a daily change of up 0.06%.</li>
<li>J2 Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JCOM#NASDAQ">JCOM</a>) shares achieved a new 52-week high on Tuesday morning, hitting $137.83 with a daily change of up 0.31%.</li>
<li>Rapid7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) stock on Tuesday broke to a yearly high of $96.58. Shares traded up 0.75%.</li>
<li>Revolve Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RVLV#NYSE">RVLV</a>) shares hit a new 52-week high of $64.21. The stock traded up 1.63% on the session.</li>
<li>Sanderson Farms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAFM#NASDAQ">SAFM</a>) stock hit a yearly high price of $186.72. The stock was up 10.51% for the day.</li>
<li>Murphy Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUR#NYSE">MUR</a>) shares reached a new 52-week high of $25.47 on Tuesday morning, moving up 1.78%.</li>
<li>National Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSA#NYSE">NSA</a>) shares set a new yearly high of $50.63 this morning. The stock was up 0.23% on the session.</li>
<li>Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) shares achieved a new 52-week high on Tuesday morning, hitting $79.71 with a daily change of down 0.4%.</li>
<li>Simply Good Foods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMPL#NASDAQ">SMPL</a>) stock made a new 52-week high of $37.83 Tuesday. The stock was up 3.68% for the day.</li>
<li>Intra-Cellular Therapies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITCI#NASDAQ">ITCI</a>) shares hit a new 52-week high of $44.36. The stock traded up 0.13% on the session.</li>
<li>Apollo Medical Hlgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMEH#NASDAQ">AMEH</a>) stock on Tuesday broke to a yearly high of $57.17. Shares traded up 1.63%.</li>
<li>Domo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOMO#NASDAQ">DOMO</a>) shares set a new yearly high of $80.71 this morning. The stock was down 0.01% on the session.</li>
<li>Verra Mobility (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRRM#NASDAQ">VRRM</a>) shares reached a new 52-week high of $15.80 on Tuesday morning, moving down 1.08%.</li>
<li>Callon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPE#NYSE">CPE</a>) stock on Tuesday broke to a yearly high of $54.10. Shares traded down 0.69%.</li>
<li>CorVel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRVL#NASDAQ">CRVL</a>) stock on Tuesday broke to a yearly high of $127.48. Shares traded up 0.73%.</li>
<li>Sykes Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYKE#NASDAQ">SYKE</a>) stock set a new 52-week high of $54.01 Tuesday morning. Over the session, the stock traded up 0.32%.</li>
<li>Everi Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVRI#NYSE">EVRI</a>) shares hit $24.18 on Tuesday morning, setting a new 52-week high for a change of up 0.21%.</li>
<li>Oasis Petroleum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OAS#NASDAQ">OAS</a>) stock hit a yearly high price of $102.32. The stock was down 0.41% for the day.</li>
<li>SecureWorks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCWX#NASDAQ">SCWX</a>) stock on Tuesday broke to a yearly high of $21.62. Shares traded up 0.65%.</li>
<li>Textainer Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGH#NYSE">TGH</a>) shares set a new yearly high of $35.30 this morning. The stock was down 1.36% on the session.</li>
<li>USA Compression Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USAC#NYSE">USAC</a>) stock set a new 52-week high of $16.74 Tuesday morning. Over the session, the stock traded up 0.86%.</li>
<li>Smith &amp; Wesson Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) shares set a new 52-week high of $28.20 on Tuesday, moving 0.0% (flat).</li>
<li>Laredo Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPI#NYSE">LPI</a>) shares broke to a new 52-week high of $75.42 on Tuesday. Shares of the company traded down 0.96%.</li>
<li>Nuveen Intermediate Dur (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NID#NYSE">NID</a>) shares hit a yearly high of $14.69. The stock traded up 0.34% on the session.</li>
<li>CRA International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRAI#NASDAQ">CRAI</a>) shares broke to a new 52-week high of $88.24 on Tuesday. Shares of the company traded up 0.1%.</li>
<li>Citius Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTXR#NASDAQ">CTXR</a>) shares were up 3.13% on Tuesday morning to hit a new 52-week high of $4.56.</li>
<li>North American (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOA#NYSE">NOA</a>) shares were up 2.43% on Tuesday to hit a new 52-week high of $16.66 for a change of up 2.43%.</li>
<li>Alliancebernstein Ntnl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AFB#NYSE">AFB</a>) shares hit a yearly high of $15.13. The stock traded up 0.2% on the session.</li>
<li>Putnam Managed Municipal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMM#NYSE">PMM</a>) shares hit $8.77 on Tuesday morning, setting a new 52-week high for a change of up 0.29%.</li>
<li>PIMCO CA Muni Income Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCK#NYSE">PCK</a>) stock on Tuesday broke to a yearly high of $9.74. Shares traded up 0.44%.</li>
<li>HireQuest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HQI#NASDAQ">HQI</a>) shares hit $22.39 on Tuesday morning, setting a new 52-week high for a change of up 1.75%.</li>
<li>PIMCO CA Muni Income Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PZC#NYSE">PZC</a>) shares broke to a new 52-week high of $11.50 on Tuesday. Shares of the company traded up 0.44%.</li>
<li>Cumulus Media (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMLS#NASDAQ">CMLS</a>) shares were up 0.57% on Tuesday morning to hit a new 52-week high of $12.38.</li>
<li>Goodrich Petroleum (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GDP#AMEX">GDP</a>) stock on Tuesday broke to a yearly high of $13.50. Shares traded up 1.4%.</li>
<li>FAT Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAT#NASDAQ">FAT</a>) stock made a new 52-week high of $13.26 Tuesday. The stock was up 1.46% for the day.</li>
<li>County Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICBK#NASDAQ">ICBK</a>) shares were 0.0% (flat) on Tuesday to hit a new 52-week high of $35.42 for a change of 0.0% (flat).</li>
<li>Riverview Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVE#NASDAQ">RIVE</a>) shares were up 0.38% for the day, having made a 52-week high of $13.33.</li>
<li>Volt Information Sciences (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/VOLT#AMEX">VOLT</a>) shares hit a new 52-week high of $4.64. The stock traded up 2.5% on the session.</li>
<li>Deswell Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSWL#NASDAQ">DSWL</a>) shares broke to a new 52-week high of $5.12 on Tuesday. Shares of the company traded up 1.41%.</li>
<li>Manhattan Bridge Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOAN#NASDAQ">LOAN</a>) shares were up 1.01% on Tuesday morning to hit a new 52-week high of $7.19.</li>
<li>Cross Timbers Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRT#NYSE">CRT</a>) shares set a new 52-week high of $11.22 on Tuesday, moving up 2.48%.</li>
</ul>
&nbsp;
Benzinga will continue to update investors on further movements in these equities. Stay tuned.

ADBE

AMEH

AVTR

CMLS

CRAI

CRVL

CRWD

CTXR

CUBE

DOMO

EVRI

FTNT

GMED

GNRC

ICBK

ITCI

JCOM

LOAN

MSCI

MSFT

RIVE

RVLV

SAFM

SCWX

SMPL

SWBI

SYKE

TEAM

USAC

VOLT

VRRM

Stocks That Hit 52-Week Highs On Tuesday

<ul>
<li>Deswell Industries Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dswl#NASDAQ">DSWL</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/06/b21608955/deswell-announces-acquisition-of-new-manufacturing-equipment" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">acquired new manufacturing</a>&nbsp;equipment at its electronics and plastics divisions.</li>
<li>It acquired two Panasonic SMT (Surface Mount Technology) placement systems for the electronic division for CNY2.6 million.</li>
<li>It also acquired two HaiTian new generation 800 tons injection molding machines with 2 Star Seiki high-speed five-axis servo robots for the plastic division for CNY2.8 million.</li>
<li>Deswell expects to install the new equipment at the respective manufacturing facilities in August 2021.</li>
<li>Deswell held $20.2 million in&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/06/b21492343/deswell-announces-second-half-2021-results" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">cash and equivalents</a>&nbsp;as of Mar. 31, 2021.</li>
<li>Price action:&nbsp;DSWL shares traded lower by 0.48% at $4.77 on the last check Thursday.</li>
</ul>