Dingdong (Cayman) Limited (NYSE:DDL – Get Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $3.45, but opened at $3.33. Dingdong (Cayman) shares last traded at $3.43, with a volume of 112,660 shares changing hands.
Dingdong (Cayman) Stock Performance
The stock has a market capitalization of $810.26 million, a price-to-earnings ratio of -115.00 and a beta of 0.37. The firm’s fifty day simple moving average is $2.48 and its 200 day simple moving average is $1.99.
Hedge Funds Weigh In On Dingdong (Cayman)
Institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in Dingdong (Cayman) in the 1st quarter valued at about $54,000. Acadian Asset Management LLC acquired a new position in shares of Dingdong (Cayman) in the second quarter valued at about $86,000. Renaissance Technologies LLC raised its stake in Dingdong (Cayman) by 63.4% in the 2nd quarter. Renaissance Technologies LLC now owns 690,200 shares of the company’s stock worth $1,373,000 after purchasing an additional 267,700 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Dingdong (Cayman) by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 4,849,609 shares of the company’s stock valued at $5,917,000 after purchasing an additional 17,900 shares during the period. Institutional investors and hedge funds own 24.66% of the company’s stock.
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.
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