Davis Commodities (NASDAQ:DTCK) Shares Scheduled to Reverse Split on Monday, February 16th

Davis Commodities Limited (NASDAQ:DTCK)’s stock is set to reverse split before the market opens on Monday, February 16th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, February 15th.

Davis Commodities Price Performance

DTCK stock opened at $0.18 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.02 and a current ratio of 1.02. Davis Commodities has a 1-year low of $0.16 and a 1-year high of $6.89. The company’s 50 day moving average is $0.30 and its 200 day moving average is $0.78.

Davis Commodities (NASDAQ:DTCK) last posted its quarterly earnings data on Tuesday, December 23rd. The company reported $0.00 earnings per share for the quarter. The company had revenue of $47.52 million for the quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DTCK shares. Wall Street Zen cut shares of Davis Commodities to a “strong sell” rating in a report on Saturday, November 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Davis Commodities in a report on Thursday, January 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Davis Commodities Company Profile

Davis Commodities, Inc is a merchant and supply chain management company specializing in agricultural commodities. Through its subsidiaries, the company sources, trades, and distributes products such as grains, oilseeds, coffee, sugar and related derivatives. Davis offers end-to-end solutions that include risk management, financing, quality control and logistics services to a diverse base of growers, processors and food manufacturers.

Founded in 2019, Davis Commodities completed its initial public offering on the Nasdaq under the ticker DTCK in 2020.