CID Holdco Stock Scheduled to Reverse Split on Monday, June 1st (NASDAQ:DAIC)

CID Holdco, Inc. (NASDAQ:DAIC)’s stock is scheduled to reverse split on Monday, June 1st. The 1-25 reverse split was announced on Thursday, May 28th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, May 29th.

CID Holdco Trading Down 25.0%

Shares of DAIC stock traded down $0.05 during mid-day trading on Thursday, reaching $0.14. The company’s stock had a trading volume of 1,467,689 shares, compared to its average volume of 708,413. CID Holdco has a 1-year low of $0.13 and a 1-year high of $75.00. The firm’s 50-day moving average is $0.19 and its two-hundred day moving average is $0.61.

CID Holdco (NASDAQ:DAIC) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.15) earnings per share (EPS) for the quarter. The firm had revenue of $0.01 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CID Holdco in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, CID Holdco presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On CID Holdco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE acquired a new stake in CID Holdco in the 2nd quarter valued at about $2,267,000. Bank of Montreal Can increased its position in CID Holdco by 97.0% in the 4th quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock valued at $88,000 after acquiring an additional 97,000 shares in the last quarter. Millennium Management LLC acquired a new stake in CID Holdco in the 3rd quarter valued at about $211,000. Moore Capital Management LP acquired a new stake in CID Holdco in the 3rd quarter valued at about $398,000. Finally, Sandia Investment Management LP acquired a new stake in CID Holdco in the 2nd quarter valued at about $112,000.

CID Holdco, Inc is a manufacturing company in the Computer Software industry.