DDC Enterprise (NYSEAMERICAN:DDC) Shares Climb 6.3% – Here’s What Happened

DDC Enterprise Limited (NYSEAMERICAN:DDC) was up 6.3% on Friday. The stock traded as high as $0.2592 and last traded at $0.2196. 50,840,940 shares changed hands during trading, an increase of 631% from the average daily volume of 6,956,825 shares. The stock had previously closed at $0.2066.

DDC Enterprise Stock Performance

The company has a 50 day moving average of $0.39. The company has a current ratio of 1.83, a quick ratio of 1.80 and a debt-to-equity ratio of 0.11.

DDC Enterprise (NYSEAMERICAN:DDC) last announced its quarterly earnings data on Thursday, September 3rd. The company reported ($0.58) earnings per share for the quarter. The firm had revenue of $10.06 million for the quarter.

Hedge Funds Weigh In On DDC Enterprise

An institutional investor recently bought a new position in DDC Enterprise stock. Anson Funds Management LP purchased a new position in shares of DDC Enterprise Limited (NYSEAMERICAN:DDC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing. Institutional investors own 0.22% of the company’s stock.

About DDC Enterprise

DDC Enterprise Limited is a consumer food company that develops, markets and sells Asian-inspired packaged foods and culinary products. Its portfolio includes ready-to-eat meals, meal kits, sauces, condiments, noodles and other convenient food products designed for home preparation and consumption.

The company operates through brands including DayDayCook and Nona Lim. DayDayCook offers a range of prepared foods, cooking ingredients and recipe-related products, while Nona Lim focuses on Asian-inspired noodles, broths and related products.