Davis Commodities (NASDAQ:DTCK) Trading 0.9% Higher

Davis Commodities Limited (NASDAQ:DTCK) shares rose 0.9% during mid-day trading on Friday . The stock traded as high as $1.10 and last traded at $1.08. Approximately 17,270 shares traded hands during trading, a decline of 89% from the average daily volume of 151,217 shares. The stock had previously closed at $1.07.

Davis Commodities Price Performance

The stock has a 50 day simple moving average of $1.09 and a 200 day simple moving average of $1.54.

Institutional Investors Weigh In On Davis Commodities

Several institutional investors have recently added to or reduced their stakes in DTCK. UBS Group AG purchased a new stake in Davis Commodities in the 3rd quarter worth approximately $428,000. DGS Capital Management LLC purchased a new stake in Davis Commodities in the first quarter worth $29,000. Schonfeld Strategic Advisors LLC bought a new stake in Davis Commodities in the third quarter valued at $53,000. Finally, Banque Cantonale Vaudoise purchased a new position in Davis Commodities during the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 81.83% of the company’s stock.

About Davis Commodities

Davis Commodities Limited, an investment holding company, operates as an agricultural commodity trading company in Asia, Africa, and the Middle East. The company trades in agricultural commodities, including sugar, rice, and oil and fat products under the Maxwill, Lin, and Taffy brands. It also provides warehouse storage and logistic, as well as agency services.