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

CID Holdco, Inc. (NASDAQ:DAIC) shares are going 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 closing bell on Friday, May 29th.

CID Holdco Stock Performance

Shares of NASDAQ DAIC traded down $0.05 during trading on Thursday, reaching $0.14. The company had a trading volume of 1,467,689 shares, compared to its average volume of 708,413. The stock has a 50-day moving average price of $0.19 and a two-hundred day moving average price of $0.63. CID Holdco has a twelve month low of $0.13 and a twelve month high of $75.00.

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 company had revenue of $0.01 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CID Holdco in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Trading of CID Holdco

A number of hedge funds have recently added to or reduced their stakes in the business. Sandia Investment Management LP acquired a new stake in CID Holdco in the 2nd quarter worth about $112,000. Millennium Management LLC purchased a new stake in shares of CID Holdco during the 3rd quarter valued at $211,000. Bank of Montreal Can grew its stake in shares of CID Holdco by 97.0% during the 4th quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock valued at $88,000 after buying an additional 97,000 shares during the period. Moore Capital Management LP purchased a new stake in shares of CID Holdco during the 3rd quarter valued at $398,000. Finally, Mutual Advisors LLC purchased a new stake in shares of CID Holdco during the 3rd quarter valued at $701,000.

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