Dingdong (Cayman) (NYSE:DDL) Stock Price Down 4.8% – What’s Next?

Dingdong (Cayman) Limited Sponsored ADR (NYSE:DDL) dropped 4.8% during trading on Tuesday . The company traded as low as $2.26 and last traded at $2.2460. Approximately 162,780 shares traded hands during trading, a decline of 85% from the average daily volume of 1,077,197 shares. The stock had previously closed at $2.36.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Dingdong (Cayman) in a report on Friday, August 21st. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Dingdong (Cayman) Stock Performance

The firm has a market capitalization of $545.69 million, a P/E ratio of 6.42 and a beta of 0.46. The firm’s 50-day moving average is $2.23 and its 200 day moving average is $2.49.

Dingdong (Cayman) (NYSE:DDL) last released its earnings results on Thursday, July 30th. The company reported $0.20 earnings per share (EPS) for the quarter. Dingdong (Cayman) had a return on equity of 47.37% and a net margin of 2.19%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Belvedere Trading LLC acquired a new stake in Dingdong (Cayman) in the 4th quarter valued at approximately $40,000. Raymond James Financial Inc. boosted its position in Dingdong (Cayman) by 66.7% during the 3rd quarter. Raymond James Financial Inc. now owns 25,000 shares of the company’s stock worth $52,000 after acquiring an additional 10,000 shares during the last quarter. Centiva Capital LP acquired a new position in Dingdong (Cayman) during the 3rd quarter worth approximately $56,000. Tairen Capital Ltd bought a new position in shares of Dingdong (Cayman) during the 2nd quarter worth approximately $64,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Dingdong (Cayman) by 43,678.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 33,272 shares of the company’s stock worth $67,000 after acquiring an additional 33,196 shares in the last quarter. 24.66% of the stock is owned by institutional investors and hedge funds.

Dingdong (Cayman) Company Profile

Dingdong (Cayman) Inc, which operates under the Dingdong Fresh brand, is a China-based online grocery and fresh food delivery platform. The company leverages a network of urban micro-fulfillment centers to offer consumers a wide selection of produce, meats, seafood, dairy, packaged goods and everyday household items through its mobile application and website.

Orders placed via the Dingdong Fresh app are fulfilled from strategically located dark stores within target neighborhoods, enabling the company to promise delivery times as fast as 20–30 minutes.