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

Davis Commodities Limited (NASDAQ:DTCK) shares are 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 Trading Up 16.4%

DTCK stock opened at $0.09 on Thursday. The business’s 50-day moving average is $4.25 and its two-hundred day moving average is $13.99. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.02. Davis Commodities has a 1 year low of $0.08 and a 1 year high of $6.89.

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

Analysts Set New Price Targets

A number of analysts have issued reports on DTCK shares. Wall Street Zen downgraded Davis Commodities to a “strong sell” rating in a report on Saturday, November 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Davis Commodities in a research report on Thursday, January 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Davis Commodities presently 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 bought a new position in shares of Davis Commodities Limited (NASDAQ:DTCK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 121,341 shares of the company’s stock, valued at approximately $36,000. HRT Financial LP owned about 0.44% of Davis Commodities at the end of the most recent quarter. Institutional investors and hedge funds own 81.83% of the company’s stock.

Davis Commodities Company Profile

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.