Davis Commodities Stock to Reverse Split on Monday, March 9th (NASDAQ:DTCK)

Davis Commodities Limited (NASDAQ:DTCK)’s stock is set to reverse split before the market opens on Monday, March 9th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, March 8th.

Davis Commodities Price Performance

Shares of Davis Commodities stock opened at $0.09 on Thursday. The stock has a 50 day moving average of $4.25 and a 200 day moving average of $13.99. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.02. Davis Commodities has a fifty-two week low of $0.08 and a fifty-two week high of $6.89.

Davis Commodities (NASDAQ:DTCK) last posted its earnings results on Tuesday, December 23rd. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $47.52 million for the quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Davis Commodities in a research report on Thursday, January 29th. Wall Street Zen downgraded shares of Davis Commodities to a “strong sell” rating in a report on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Trading of Davis Commodities

A hedge fund recently bought a new stake in Davis Commodities stock. HRT Financial LP bought a new stake in Davis Commodities Limited (NASDAQ:DTCK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 121,341 shares of the company’s stock, valued at approximately $36,000. HRT Financial LP owned 0.44% of Davis Commodities at the end of the most recent quarter. 81.83% of the stock is currently owned by hedge funds and other institutional investors.

About Davis Commodities

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.