Dogness (International) (NASDAQ:DOGZ) Stock Price Down 5.9% – Here’s Why

Shares of Dogness (International) Co. (NASDAQ:DOGZ) dropped 5.9% on Friday . The stock traded as low as $42.87 and last traded at $41.59. Approximately 240,614 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 401,774 shares. The stock had previously closed at $44.22.

Dogness (International) Stock Down 59.1 %

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.56 and a current ratio of 1.92. The business has a 50-day moving average price of $45.09 and a two-hundred day moving average price of $33.40.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Dogness (International) stock. JPMorgan Chase & Co. acquired a new stake in Dogness (International) Co. (NASDAQ:DOGZ) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 2,703 shares of the company’s stock, valued at approximately $73,000. 5.12% of the stock is 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.