DDC Enterprise (NYSEAMERICAN:DDC) Trading Down 6.7% – Here’s Why

DDC Enterprise Limited (NYSEAMERICAN:DDC)’s share price fell 6.7% during trading on Tuesday . The stock traded as low as $1.09 and last traded at $1.12. 68,675 shares were traded during trading, a decline of 43% from the average session volume of 120,007 shares. The stock had previously closed at $1.20.

Analysts Set New Price Targets

Separately, Benchmark began coverage on DDC Enterprise in a research note on Monday, April 27th. They set a “buy” rating and a $3.00 target price for the company. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, DDC Enterprise presently has a consensus rating of “Buy” and an average price target of $3.00.

DDC Enterprise Stock Performance

The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49.

DDC Enterprise (NYSEAMERICAN:DDC) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported ($3.29) earnings per share (EPS) for the quarter. The firm had revenue of $11.78 million for the quarter.

Institutional Investors Weigh In On DDC Enterprise

A hedge fund recently bought a new stake in DDC Enterprise stock. Anson Funds Management LP acquired a new stake in shares of DDC Enterprise Limited (NYSEAMERICAN:DDC) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 956,694 shares of the company’s stock, valued at approximately $1,894,000. Anson Funds Management LP owned approximately 4.11% of DDC Enterprise as of its most recent SEC filing. 0.22% of the stock is currently owned by institutional investors.

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.