Davis Commodities (NASDAQ:DTCK) Stock Scheduled to Reverse Split on Monday, February 16th

Davis Commodities Limited (NASDAQ:DTCK) shares are going to reverse split before the market opens on Monday, February 16th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, February 15th.

Davis Commodities Stock Performance

NASDAQ:DTCK opened at $0.18 on Thursday. Davis Commodities has a one year low of $0.16 and a one year high of $6.89. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average price of $0.30 and a 200 day moving average price of $0.78.

Davis Commodities (NASDAQ:DTCK) last released its quarterly earnings data on Tuesday, December 23rd. The company reported $0.00 earnings per share for the quarter. The company had revenue of $47.52 million for the quarter.

Analyst Ratings Changes

Several research firms recently issued reports on DTCK. Wall Street Zen cut shares of Davis Commodities to a “strong sell” rating in a research report on Saturday, November 22nd. Weiss Ratings restated a “sell (d)” rating on shares of Davis Commodities in a report on Thursday, January 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Davis Commodities has a consensus rating of “Sell”.

About Davis Commodities

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.