CID Holdco Stock Scheduled to Reverse Split on Monday, June 1st (NASDAQ:DAIC)

CID Holdco, Inc. (NASDAQ:DAIC)’s stock is going to reverse split before the market opens on Monday, June 1st. The 1-25 reverse split was announced on Thursday, May 28th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, May 29th.

CID Holdco Stock Performance

DAIC stock traded down $0.05 during trading on Thursday, hitting $0.14. 1,467,689 shares of the company’s stock traded hands, compared to its average volume of 708,413. The business has a fifty day simple moving average of $0.19 and a two-hundred day simple moving average of $0.61. CID Holdco has a 1 year low of $0.13 and a 1 year high of $75.00.

CID Holdco (NASDAQ:DAIC) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.15) earnings per share (EPS) for the quarter. The company had revenue of $0.01 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CID Holdco in a report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On CID Holdco

Institutional investors have recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in CID Holdco by 97.0% in the fourth quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock valued at $88,000 after acquiring an additional 97,000 shares in the last quarter. Sandia Investment Management LP acquired a new stake in shares of CID Holdco during the second quarter worth $112,000. Millennium Management LLC acquired a new stake in shares of CID Holdco during the third quarter worth $211,000. Blue Owl Capital Holdings LP acquired a new position in CID Holdco during the fourth quarter valued at $251,000. Finally, Moore Capital Management LP acquired a new position in CID Holdco during the third quarter valued at $398,000.

CID Holdco, Inc is a manufacturing company in the Computer Software industry.