Shares of DDC Enterprise Limited (NYSEAMERICAN:DDC – Get Free Report) were down 7.8% during mid-day trading on Monday . The company traded as low as $0.58 and last traded at $0.6528. Approximately 171,801 shares traded hands during trading, an increase of 112% from the average session volume of 81,010 shares. The stock had previously closed at $0.7080.
Analysts Set New Price Targets
Separately, Benchmark initiated coverage on DDC Enterprise in a research note on Monday, April 27th. They issued a “buy” rating and a $3.00 price target for the company. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, DDC Enterprise presently has a consensus rating of “Buy” and an average target price of $3.00.
Check Out Our Latest Report on DDC Enterprise
DDC Enterprise Stock Performance
DDC Enterprise (NYSEAMERICAN:DDC – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported ($3.29) EPS for the quarter. The firm had revenue of $11.78 million during the quarter.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in DDC Enterprise stock. Anson Funds Management LP purchased a new stake in DDC Enterprise Limited (NYSEAMERICAN:DDC – Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 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 quarter. 0.22% of the stock is owned by institutional investors and hedge funds.
About DDC Enterprise
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.
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