DDC Enterprise (NYSEAMERICAN:DDC) Shares Up 3.4% – Time to Buy?

Shares of DDC Enterprise Limited (NYSEAMERICAN:DDC) shot up 3.4% during mid-day trading on Thursday . The company traded as high as $1.14 and last traded at $1.11. 153,379 shares were traded during mid-day trading, an increase of 101% from the average session volume of 76,462 shares. The stock had previously closed at $1.0740.

Analysts Set New Price Targets

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

DDC Enterprise Trading Down 5.4%

The company has a 50-day simple moving average of $1.47. 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 for the quarter. The firm had revenue of $11.78 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 acquired a new position 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 firm acquired 956,694 shares of the company’s stock, valued at approximately $1,894,000. Anson Funds Management LP owned 4.11% of DDC Enterprise as of its most recent SEC filing. 0.22% of the stock is currently owned by hedge funds and other 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.