DDC Enterprise (NYSEAMERICAN:DDC) Stock Price Down 7.8% – Should You Sell?

DDC Enterprise Limited (NYSEAMERICAN:DDC) shares dropped 7.8% during trading on Monday . The company traded as low as $0.58 and last traded at $0.6528. Approximately 171,801 shares traded hands during mid-day trading, an increase of 112% from the average daily volume of 81,010 shares. The stock had previously closed at $0.7080.

Wall Street Analysts Forecast Growth

Separately, Benchmark assumed coverage on shares of DDC Enterprise in a report on Monday, April 27th. They issued a “buy” rating and a $3.00 target price on the stock. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $3.00.

DDC Enterprise Price Performance

The company’s 50-day moving average is $1.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.88 and a quick ratio of 0.86.

DDC Enterprise (NYSEAMERICAN:DDC) last issued its earnings results on Wednesday, April 22nd. The company reported ($3.29) EPS for the quarter. The firm had revenue of $11.78 million during the quarter.

Hedge Funds Weigh In On DDC Enterprise

A hedge fund recently bought a new position in DDC Enterprise stock. Anson Funds Management LP acquired a new stake in DDC Enterprise Limited (NYSEAMERICAN:DDC) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 956,694 shares of the company’s stock, valued at approximately $1,894,000. Anson Funds Management LP owned about 4.11% of DDC Enterprise at the end of the most recent reporting period. 0.22% of the stock is owned by hedge funds and other institutional investors.

DDC Enterprise Company Profile

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.