DDC Enterprise (NYSEAMERICAN:DDC) Announces Quarterly Earnings Results

DDC Enterprise (NYSEAMERICAN:DDC) posted its quarterly earnings results on Thursday. The company reported ($0.58) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $10.06 million for the quarter.

DDC Enterprise Trading Up 8.3%

Shares of DDC Enterprise stock opened at $0.35 on Friday. DDC Enterprise has a fifty-two week low of $0.29 and a fifty-two week high of $13.66. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.49. The stock has a 50 day simple moving average of $0.59.

Hedge Funds Weigh In On DDC Enterprise

A hedge fund recently bought a new stake in DDC Enterprise stock. Anson Funds Management LP purchased a new position in shares of DDC Enterprise Limited (NYSEAMERICAN:DDC) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 956,694 shares of the company’s stock, valued at approximately $1,894,000. Anson Funds Management LP owned 4.11% of DDC Enterprise at the end of the most recent quarter. Institutional investors own 0.22% of the company’s stock.

About DDC Enterprise

DDC Enterprise Ltd is a content driven consumer brand offering easy, convenient ready-to-heat, ready-to-cook, and plant-based meal products i.e. meal products consisting largely or solely of vegetables, fruits, grains, and other foods derived from plant-based protein, rather than animal protein) while promoting healthier lifestyle choices to the Millennial and Generation Z customer-base. The company’s operates in two operating segments: merchandise sales and fresh agriculture produce. It is also engaged in the provision of advertising services and the operation of experience stores to offer cooking classes.