CID Holdco (NASDAQ:DAIC) Posts Quarterly Earnings Results

CID Holdco (NASDAQ:DAIC) issued its quarterly earnings data on Tuesday. The company reported ($0.15) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $0.01 million for the quarter.

CID Holdco Stock Down 5.3%

CID Holdco stock opened at $0.17 on Wednesday. CID Holdco has a 1-year low of $0.16 and a 1-year high of $75.00. The company has a fifty day simple moving average of $0.21 and a 200 day simple moving average of $0.82.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sandia Investment Management LP bought a new position in CID Holdco in the second quarter valued at $112,000. Millennium Management LLC bought a new position in CID Holdco in the third quarter valued at $211,000. Moore Capital Management LP acquired a new stake in CID Holdco in the third quarter valued at $398,000. Bank of Montreal Can lifted its stake in CID Holdco by 97.0% in the fourth quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock valued at $88,000 after acquiring an additional 97,000 shares during the last quarter. Finally, Mutual Advisors LLC acquired a new stake in CID Holdco in the third quarter valued at $701,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CID Holdco in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

CID Holdco, Inc is a manufacturing company in the Computer Software industry.