Davis Commodities Limited’s Lock-Up Period To End on March 18th (NASDAQ:DTCK)
Davis Commodities’ (NASDAQ:DTCK – Get Free Report) lock-up period will end on Monday, March 18th. Davis Commodities had issued 1,087,500 shares in its initial public offering on September 19th. The total size of the offering was $4,350,000 based on an initial share price of $4.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.
Davis Commodities Stock Performance
Shares of DTCK stock opened at $1.25 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.32 and a quick ratio of 1.30. The company’s fifty day simple moving average is $0.99. Davis Commodities has a 12 month low of $0.76 and a 12 month high of $9.00.
Institutional Investors Weigh In On Davis Commodities
Hedge funds and other institutional investors have recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC bought a new stake in shares of Davis Commodities in the 3rd quarter worth $53,000. UBS Group AG bought a new stake in Davis Commodities in the 3rd quarter worth about $428,000. Finally, Banque Cantonale Vaudoise purchased a new stake in Davis Commodities in the 3rd quarter valued at about $41,000.
About Davis Commodities
Davis Commodities Limited, an investment holding company, operates as an agricultural commodity trading company in Asia, Africa, and the Middle East. The company trades in agricultural commodities, including sugar, rice, and oil and fat products under the Maxwill, Lin, and Taffy brands. It also provides warehouse storage and logistic, as well as agency services.
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