Moolec Science Stock to Reverse Split on Wednesday, May 14th (NASDAQ:MLEC)

Moolec Science SA (NASDAQ:MLEC)’s stock is going to reverse split on the morning of Wednesday, May 14th. The 1-10 reverse split was announced on Tuesday, April 29th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, May 13th.

Moolec Science Stock Performance

MLEC stock opened at $0.75 on Friday. The company has a market capitalization of $28.80 million, a P/E ratio of -3.57 and a beta of -0.33. The company has a 50-day simple moving average of $0.70 and a 200 day simple moving average of $0.78. Moolec Science has a fifty-two week low of $0.53 and a fifty-two week high of $1.45. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 3.24.

Moolec Science (NASDAQ:MLEC) last posted its quarterly earnings data on Wednesday, April 16th. The company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). Moolec Science had a negative net margin of 140.32% and a negative return on equity of 119.34%. The business had revenue of $2.64 million during the quarter, compared to the consensus estimate of $2.01 million.

About Moolec Science

Moolec Science SA, a science-based food ingredient company, focuses on developing real animal proteins in plants using molecular farming. It offers Chymosin SPC, a dairy ingredient; GLA SONOVA, a nutritional oil; POORK+, a plant-based, animal meat free ingredient with porcine proteins in soybeans; and BEEF+, a meat replacement product.