Dingdong (Cayman) (NYSE:DDL) Trading Up 2% - Here's What Happened

Key Points

• Dingdong shares rose 2% to about $2.33 during Tuesday trading, with volume 35% above the average session level.
• Analyst sentiment remains cautious: Wall Street Zen downgraded the stock to “sell,” while Weiss Ratings maintained a “hold” rating; the consensus rating is “Hold.”
• The company reported quarterly EPS of $0.20, a 47.37% return on equity and a 2.19% net margin. Institutional investors own approximately 24.66% of the stock.

Dingdong (Cayman) Limited Sponsored ADR (NYSE:DDL - Get Free Report) shares shot up 2% during trading on Tuesday . The company traded as high as $2.33 and last traded at $2.3250. 335,915 shares were traded during mid-day trading, an increase of 35% from the average session volume of 249,053 shares. The stock had previously closed at $2.28.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Wall Street Zen lowered Dingdong (Cayman) from a "hold" rating to a "sell" rating in a research report on Saturday, August 29th. Weiss Ratings reissued a "hold (c)" rating on shares of Dingdong (Cayman) in a report on Friday, August 21st. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold".

Dingdong (Cayman) Price Performance

The company has a market cap of $549.23 million, a P/E ratio of 6.46 and a beta of 0.48. The company's 50-day moving average is $2.31 and its two-hundred day moving average is $2.41.

Dingdong (Cayman) (NYSE:DDL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.20 earnings per share (EPS) for the quarter. Dingdong (Cayman) had a return on equity of 47.37% and a net margin of 2.19%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Belvedere Trading LLC purchased a new stake in shares of Dingdong (Cayman) during the fourth quarter valued at $40,000. Tairen Capital Ltd purchased a new position in Dingdong (Cayman) in the 2nd quarter worth about $64,000. Rangeley Capital LLC bought a new position in Dingdong (Cayman) during the 1st quarter valued at about $128,000. Anther Capital Ltd bought a new position in Dingdong (Cayman) during the 2nd quarter valued at about $319,000. Finally, Hsbc Holdings PLC bought a new position in Dingdong (Cayman) during the 4th quarter valued at about $400,000. 24.66% of the stock is owned by institutional investors.

About Dingdong (Cayman)

Dingdong (Cayman) Limited operates Dingdong Maicai, a technology-enabled e-commerce platform focused on providing fresh groceries and prepared foods to consumers in China. Customers can order products through the company's online channels, including fresh produce, meat, seafood, dairy products, eggs, packaged foods and other household staples.

Founded in 2017, Dingdong uses a direct-sourcing and integrated fulfillment model designed to manage product selection, procurement, quality control, storage and delivery.

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