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

CID Holdco, Inc. (NASDAQ:DAIC)’s stock is scheduled 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

NASDAQ DAIC traded down $0.05 during mid-day trading on Thursday, hitting $0.14. The stock had a trading volume of 1,467,689 shares, compared to its average volume of 708,413. CID Holdco has a 52-week low of $0.13 and a 52-week high of $75.00. The company has a 50 day simple moving average of $0.19 and a 200 day simple moving average of $0.63.

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 during the quarter.

Analyst Ratings Changes

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

Hedge Funds Weigh In On CID Holdco

Several hedge funds have recently added to or reduced their stakes in DAIC. Sandia Investment Management LP acquired a new position in shares of CID Holdco in the second quarter worth $112,000. Bank of America Corp DE acquired a new position in shares of CID Holdco in the second quarter worth $2,267,000. Mutual Advisors LLC acquired a new position in shares of CID Holdco in the third quarter worth $701,000. Moore Capital Management LP acquired a new position in shares of CID Holdco in the third quarter worth $398,000. Finally, Millennium Management LLC acquired a new position in shares of CID Holdco in the third quarter worth $211,000.

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