Dingdong Maicai (DDL, Financial) experienced a significant stock movement with a sharp decline of 5.02%. The stock currently trades at $2.94 per share, with a trading volume of 391,870 shares, a turnover rate of 0.18%, and a price fluctuation amplitude of 2.90%.
Financial results show revenue of $773 million, net profit of $8.95 million, earnings per share of $0.04, and a gross profit of $58.91 million, giving a price-to-earnings (P/E) ratio of 68.69.
Of the three institutions rating DDL, all recommend buying, with none suggesting a hold or sell strategy. In the broader grocery industry, shares fell slightly by 0.04%. Other notable stocks in the sector, such as Grocery Outlet Holding Corp., Natural Grocers By Vitamin Cottage, Inc., and Angles Markets, showed significant price movements.
About the company: Dingdong (Cayman) Limited is one of China's fastest-growing on-demand e-commerce companies. It provides fresh produce, meat, seafood, and other household daily essentials directly to consumers through its extensive delivery network, supported by the Dingdong Fresh app, mini-program, and membership services.
