Davis Commodities (NASDAQ:DTCK) Shares Down 5.3% – Should You Sell?

Davis Commodities Limited (NASDAQ:DTCK)’s share price fell 5.3% on Friday . The company traded as low as $1.08 and last traded at $1.08. 87,648 shares traded hands during trading, a decline of 41% from the average session volume of 147,932 shares. The stock had previously closed at $1.14.

Davis Commodities Trading Down 5.3 %

The business has a 50-day moving average price of $1.16 and a two-hundred day moving average price of $1.13.

Hedge Funds Weigh In On Davis Commodities

A hedge fund recently bought a new stake in Davis Commodities stock. DGS Capital Management LLC acquired a new position in shares of Davis Commodities Limited (NASDAQ:DTCK) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 27,836 shares of the company’s stock, valued at approximately $29,000. DGS Capital Management LLC owned approximately 0.11% of Davis Commodities as of its most recent SEC filing. Hedge funds and other institutional investors own 81.83% of the company’s stock.

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 and Taffy brands. It also provides warehouse storage and logistic, as well as agency services.