Dogness (International) (NASDAQ:DOGZ) Shares Down 2.9% – Should You Sell?

Dogness (International) Corporation (NASDAQ:DOGZ) traded down 2.9% during mid-day trading on Friday . The stock traded as low as $10.57 and last traded at $10.58. 24,225 shares changed hands during trading, a decline of 83% from the average session volume of 139,263 shares. The stock had previously closed at $10.90.

Analyst Ratings Changes

Several research firms have weighed in on DOGZ. Weiss Ratings restated a “sell (d-)” rating on shares of Dogness (International) in a research note on Wednesday, October 8th. Wall Street Zen cut Dogness (International) from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Dogness (International) currently has a consensus rating of “Sell”.

Dogness (International) Trading Down 2.9%

The business’s fifty day moving average price is $12.29 and its 200 day moving average price is $14.20. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 3.35.

Dogness (International) (NASDAQ:DOGZ) last issued its quarterly earnings data on Friday, October 17th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $4.31 million during the quarter.

Institutional Investors Weigh In On Dogness (International)

Several large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in Dogness (International) by 687.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,953 shares of the company’s stock worth $48,000 after buying an additional 2,578 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in Dogness (International) during the 3rd quarter worth about $518,000. Finally, UBS Group AG increased its holdings in Dogness (International) by 106,624.5% in the third quarter. UBS Group AG now owns 52,295 shares of the company’s stock worth $674,000 after purchasing an additional 52,246 shares in the last quarter. 5.12% of the stock is currently owned by institutional investors and hedge funds.

Dogness (International) Company Profile

Dogness (International) Corporation, through its subsidiaries, designs, manufactures, and sells fashionable products for dogs and cats worldwide. The company provides pet leashes, pet collars, pet harnesses, and retractable leashes, as well as lanyards; gift suspenders, pet belt ribbons, laces, elastic belts, computer jacquard ribbons, and high-grade textile laces; mouth covers and pet charms; climbing hooks; and intelligent pet products, such as app-controlled pet feeders, pet water fountains, and smart pet toys, as well as pet shampoos.