Dingdong (Cayman) (NYSE:DDL) Trading Down 4.4% – Time to Sell?

Dingdong (Cayman) Limited (NYSE:DDL) was down 4.4% on Wednesday . The company traded as low as $3.26 and last traded at $3.28. Approximately 453,694 shares changed hands during trading, a decline of 23% from the average daily volume of 588,710 shares. The stock had previously closed at $3.43.

Dingdong (Cayman) Trading Down 4.8 %

The company has a market cap of $796.09 million, a price-to-earnings ratio of 36.28 and a beta of 0.44. The firm’s fifty day moving average price is $3.85 and its 200-day moving average price is $3.10.

Dingdong (Cayman) (NYSE:DDL) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $931.69 million for the quarter, compared to analyst estimates of $756.72 million. Dingdong (Cayman) had a return on equity of 40.86% and a net margin of 0.90%. As a group, research analysts anticipate that Dingdong will post 0.07 EPS for the current year.

Institutional Trading of Dingdong (Cayman)

A number of hedge funds and other institutional investors have recently made changes to their positions in DDL. Virtu Financial LLC acquired a new stake in shares of Dingdong (Cayman) in the third quarter valued at about $115,000. Quadrature Capital Ltd grew its position in shares of Dingdong (Cayman) by 87.9% during the 3rd quarter. Quadrature Capital Ltd now owns 47,686 shares of the company’s stock worth $168,000 after purchasing an additional 22,302 shares in the last quarter. Centiva Capital LP acquired a new position in Dingdong (Cayman) in the 3rd quarter valued at $170,000. XTX Topco Ltd acquired a new stake in shares of Dingdong (Cayman) during the 3rd quarter worth $225,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Dingdong (Cayman) in the third quarter worth $244,000. 24.66% of the stock is currently owned by institutional investors and hedge funds.

About Dingdong (Cayman)

Dingdong (Cayman) Limited operates an e-commerce company in China. The company offers fresh groceries, including vegetables, meat and eggs, fruits, and seafood; prepared food, and other food products, such as baked goods, dairy, seasonings, beverages, instant food, oil, and snacks. It offers its products through traditional offline, as well as online channels through Dingdong Fresh app, mini-programs, and third-party platforms.