Dogness (International) (NASDAQ:DOGZ) Stock Price Down 11.6% – Here’s Why

Shares of Dogness (International) Corporation (NASDAQ:DOGZ) traded down 11.6% on Thursday . The stock traded as low as $1.10 and last traded at $1.1050. 594,642 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 2,921,886 shares. The stock had previously closed at $1.25.

Wall Street Analysts Forecast Growth

DOGZ has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Dogness (International) in a research report on Wednesday, January 21st. Wall Street Zen lowered shares of Dogness (International) from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Dogness (International) Stock Down 11.6%

The firm has a fifty day moving average of $9.17 and a two-hundred day moving average of $10.97. The company has a quick ratio of 2.91, a current ratio of 3.35 and a debt-to-equity ratio of 0.02.

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

Institutional Investors Weigh In On Dogness (International)

Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG lifted its holdings in shares of 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 buying an additional 52,246 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Dogness (International) during the 3rd quarter worth approximately $518,000. Finally, Tower Research Capital LLC TRC increased its holdings in Dogness (International) by 687.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,953 shares of the company’s stock worth $48,000 after acquiring an additional 2,578 shares during the period. 5.12% of the stock is currently owned by institutional investors.

Dogness (International) Company Profile

Dogness (International) Corporation is a provider of pet health and lifestyle products that focuses on smart and interactive solutions for companion animals. The company designs, manufactures and markets a range of pet care products that integrate technology to enhance monitoring, feeding, exercise and enrichment for dogs and cats. Its product portfolio caters to pet owners seeking automated, data-driven tools to support pet well-being and owner convenience.

The company’s offerings include automatic pet feeders and water fountains equipped with programmable schedules, smartphone connectivity and real-time portion controls.