Dingdong (Cayman) (NYSE:DDL) Hits New 1-Year High – Should You Buy?

Dingdong (Cayman) Limited (NYSE:DDL) shares hit a new 52-week high during trading on Friday . The stock traded as high as $4.16 and last traded at $4.12, with a volume of 553770 shares traded. The stock had previously closed at $3.62.

Dingdong (Cayman) Trading Up 8.6 %

The stock has a market cap of $928.38 million, a P/E ratio of -134.33 and a beta of 0.37. The business has a 50-day simple moving average of $2.82 and a 200 day simple moving average of $2.14.

Institutional Trading of Dingdong (Cayman)

Several institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new position in Dingdong (Cayman) during the 1st quarter worth approximately $54,000. Acadian Asset Management LLC acquired a new stake in shares of Dingdong (Cayman) during the second quarter worth $86,000. Renaissance Technologies LLC raised its stake in Dingdong (Cayman) by 63.4% during the second quarter. Renaissance Technologies LLC now owns 690,200 shares of the company’s stock worth $1,373,000 after buying an additional 267,700 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Dingdong (Cayman) by 0.4% in the first quarter. Vanguard Group Inc. now owns 4,849,609 shares of the company’s stock valued at $5,917,000 after buying an additional 17,900 shares during the period. 24.66% of the stock is currently owned by institutional investors.

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.