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

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

Davis Commodities Stock Performance

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

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

Analysts Set New Price Targets

DTCK has been the topic of several recent research reports. Wall Street Zen downgraded shares of Davis Commodities to a “strong sell” rating in a report on Saturday, November 22nd. Weiss Ratings restated a “sell (d)” rating on shares of Davis Commodities in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Davis Commodities currently has an average rating of “Sell”.

Hedge Funds Weigh In On Davis Commodities

An institutional investor recently bought a new position in Davis Commodities stock. HRT Financial LP purchased a new stake in shares of Davis Commodities Limited (NASDAQ:DTCK) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 121,341 shares of the company’s stock, valued at approximately $36,000. HRT Financial LP owned approximately 0.44% of Davis Commodities as of its most recent filing with the Securities & Exchange Commission. 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.