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

Davis Commodities Limited (NASDAQ:DTCK) shares are scheduled 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 closing bell on Sunday, March 8th.

Davis Commodities Trading Up 16.4%

Shares of DTCK opened at $0.09 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50-day moving average price of $4.25 and a two-hundred day moving average price of $13.99. Davis Commodities has a 12 month low of $0.08 and a 12 month high of $6.89.

Davis Commodities (NASDAQ:DTCK) last posted its earnings results on Tuesday, December 23rd. The company reported $0.02 EPS for the quarter. The company had revenue of $47.52 million for the quarter.

Analyst Ratings Changes

A number of brokerages recently commented on DTCK. Wall Street Zen lowered Davis Commodities to a “strong sell” rating in a research report on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Davis Commodities in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On Davis Commodities

A hedge fund recently bought a new stake in Davis Commodities stock. HRT Financial LP bought a new stake in Davis Commodities Limited (NASDAQ:DTCK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 121,341 shares of the company’s stock, valued at approximately $36,000. HRT Financial LP owned approximately 0.44% of Davis Commodities as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors 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.