Dingdong (Cayman) (NYSE:DDL) Stock Price Down 4.8% - Should You Sell?

Key Points

• Dingdong shares fell 4.8% to about $2.25, with trading volume down 85% from the average session.
• Analysts maintain a consensus “Hold” rating, while the stock trades below its 200-day moving average and has a market capitalization of approximately $547 million.
• The company reported quarterly EPS of $0.20, a 36.51% return on equity and a 1.54% net margin; institutional investors own 24.66% of outstanding shares.

Dingdong (Cayman) Limited Sponsored ADR (NYSE:DDL - Get Free Report) dropped 4.8% during trading on Tuesday . The stock traded as low as $2.26 and last traded at $2.2460. 162,780 shares were traded during trading, a decline of 85% from the average session volume of 1,077,197 shares. The stock had previously closed at $2.36.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Dingdong (Cayman) in a research note on Friday. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of "Hold".

Dingdong (Cayman) Trading Down 1.9%

The business has a 50-day moving average of $2.23 and a 200 day moving average of $2.50. The firm has a market capitalization of $546.87 million, a P/E ratio of 9.69 and a beta of 0.46.

Dingdong (Cayman) (NYSE:DDL - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.20 earnings per share (EPS) for the quarter. Dingdong (Cayman) had a return on equity of 36.51% and a net margin of 1.54%.

Hedge Funds Weigh In On Dingdong (Cayman)

A number of large investors have recently modified their holdings of DDL. Boundless Plain Holdings Ltd bought a new stake in Dingdong (Cayman) during the 4th quarter worth approximately $19,893,000. JPMorgan Chase & Co. boosted its position in shares of Dingdong (Cayman) by 66.5% during the second quarter. JPMorgan Chase & Co. now owns 968,405 shares of the company's stock valued at $1,956,000 after buying an additional 386,795 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in Dingdong (Cayman) by 283.3% during the second quarter. Qube Research & Technologies Ltd now owns 491,115 shares of the company's stock worth $992,000 after buying an additional 362,974 shares in the last quarter. Norges Bank bought a new stake in Dingdong (Cayman) during the second quarter worth $593,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Dingdong (Cayman) in the 2nd quarter valued at $421,000. 24.66% of the stock is currently owned by institutional investors.

Dingdong (Cayman) Company Profile

Dingdong (Cayman) Inc, which operates under the Dingdong Fresh brand, is a China-based online grocery and fresh food delivery platform. The company leverages a network of urban micro-fulfillment centers to offer consumers a wide selection of produce, meats, seafood, dairy, packaged goods and everyday household items through its mobile application and website.

Orders placed via the Dingdong Fresh app are fulfilled from strategically located dark stores within target neighborhoods, enabling the company to promise delivery times as fast as 20–30 minutes.

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