Shares of the company are trading at $13.55 marginally over the 50 day moving average of $12.95 and which is significantly above the 200 day moving average of $12.30. The 50 day moving average moved up $0.60 and the 200 day average went up by +10.20%. 735 shares changed hands by the end of trading on Tuesday. Overall, volume was down 99.04% under the stocks normal daily volume.
Investors are more bullish on shares of the company recently if you pay attention to the downtick in short interest. The firm recorded a fall in short interest of -13.88% between September 15, 2017 and September 29, 2017. Short interest fell from 196,548 to 169,263 over that period. Days to cover decreased 0.0 to 3.0 and the short interest percentage is 0.01% as of September 29.
Additionally, here are a few investment firms who have increased or decreased their stake in (DSPG). As of quarter end Two Sigma Advisers, Lp had acquired 10,100 shares growing its stake by 14.6%. The value of the investment in DSP Group, Inc. went from $828,000 to $917,000 a change of 10.7% since the last quarter. Sensato Investors LLC trimmed its holdings by selling 803 shares a decrease of 0.5% as of 06/30/2017. Sensato Investors LLC currently owns 160,533 shares worth $1,862,000. The value of the position overall is down by 3.8%.
As of the end of the quarter Meeder Asset Management Inc had bought a total of 31 shares growing its holdings by 10.7%. The value in dollars increased from $3,000 to $4,000 a change of $1,000 quarter to quarter. As of the end of the quarter Bank Of Montreal /can/ had sold 573 shares trimming its position 62.1%. The value of the investment in DSPG decreased from $11,000 to $5,000 decreasing 54.5% for the reporting period.
The P/E ratio is currently 104.23 and the market cap of the company is 301.47M. In the last earnings report the EPS was $0.13 and is projected to be $0.20 for the current year with 22,249,000 shares now outstanding. Next quarter’s EPS is expected be $0.10 with next year’s EPS projected to be $0.38.
DSP Group, Inc., launched on September 23, 1993, is a global provider of wireless and audio chipset solutions for converged communications. Delivering semiconductor system solutions with software and hardware reference designs, the Company enables original equipment manufacturers (OEMs), original design manufacturers (ODMs), consumer electronics (CE) manufacturers and service providers to develop new products. The Business’s segments include Home, Office and Mobile. The Home segment includes wireless chipset solutions for converged communication at home. The Office segment offers solution for Voice-over-Internet protocol (VoIP) office products, including office solutions that provide businesses with VoIP terminals with converged voice and data applications. The Mobile segment offers products for the mobile market that provides voice enhancement, always-on and far-end noise elimination targeted for mobile phone and mobile headsets and wearable devices that incorporate the Business’s noise suppression and voice quality enhancement HDClear technology..