Australian Oilseeds (NASDAQ:COOT) Stock Price Down 0.6% – Should You Sell?

Australian Oilseeds Holdings Limited (NASDAQ:COOT)’s stock price fell 0.6% during trading on Tuesday . The stock traded as low as $0.5860 and last traded at $0.6060. 77,930 shares were traded during trading, a decline of 8% from the average session volume of 84,259 shares. The stock had previously closed at $0.6099.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Australian Oilseeds in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Australian Oilseeds Trading Down 0.6%

The company’s 50 day moving average is $0.61 and its 200 day moving average is $0.66. The stock has a market capitalization of $16.91 million, a price-to-earnings ratio of -15.15 and a beta of 0.12.

Institutional Investors Weigh In On Australian Oilseeds

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