Australian Oilseeds (NASDAQ:COOT) Trading 3.5% Higher – What’s Next?

Australian Oilseeds Holdings Limited (NASDAQ:COOT)’s stock price rose 3.5% during trading on Monday . The company traded as high as $0.4440 and last traded at $0.4440. 24,403 shares changed hands during trading, a decline of 83% from the average session volume of 140,080 shares. The stock had previously closed at $0.4288.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Australian Oilseeds in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Australian Oilseeds Price Performance

The stock has a market capitalization of $12.39 million, a P/E ratio of -11.10 and a beta of 0.12. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.14. The company has a fifty day simple moving average of $0.58 and a two-hundred day simple moving average of $0.62.

Australian Oilseeds (NASDAQ:COOT) last released its earnings results on Monday, June 22nd. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $7.62 million for the quarter.

Hedge Funds Weigh In On Australian Oilseeds

A hedge fund recently bought a new position in Australian Oilseeds stock. Yakira Capital Management Inc. acquired a new stake in Australian Oilseeds Holdings Limited (NASDAQ:COOT) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 58,105 shares of the company’s stock, valued at approximately $30,000. Yakira Capital Management Inc. owned 0.21% of Australian Oilseeds at the end of the most recent reporting period. Institutional investors and hedge funds own 12.95% of the company’s stock.

Australian Oilseeds Company Profile

Australian Oilseeds Limited (Nasdaq: COOT) is an Australia-based plant-based ingredients company specializing in the cultivation, processing and distribution of functional food seeds. The company’s core product lines include organic and non-GMO chia, hemp, quinoa and buckwheat seeds, as well as derived powders, oils and protein concentrates. Operating from its processing facility in New South Wales, Australian Oilseeds oversees its supply chain from local farmer partnerships through to finished ingredients for food manufacturers and health-oriented brands.

Product applications span the nutritional supplement, functional food and plant-based protein markets, with clients in Australia, North America, Europe and Asia.