Moolec Science (NASDAQ:MLEC) Trading Down 1.3% – Here’s What Happened

Moolec Science SA (NASDAQ:MLEC) shares traded down 1.3% on Wednesday . The company traded as low as $7.65 and last traded at $7.76. 6,440 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 26,046 shares. The stock had previously closed at $7.86.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Moolec Science from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th.

Moolec Science Price Performance

The firm has a market cap of $5.66 million, a price-to-earnings ratio of -0.24 and a beta of 0.28. The company has a current ratio of 0.15, a quick ratio of 0.08 and a debt-to-equity ratio of 0.79. The stock’s fifty day moving average price is $7.96 and its 200-day moving average price is $7.52.

Moolec Science (NASDAQ:MLEC) last posted its earnings results on Thursday, May 14th. The company reported $47.49 EPS for the quarter. The business had revenue of $2.62 million during the quarter.

Hedge Funds Weigh In On Moolec Science

An institutional investor recently bought a new position in Moolec Science stock. Citadel Advisors LLC acquired a new position in shares of Moolec Science SA (NASDAQ:MLEC) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 36,218 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned 0.90% of Moolec Science as of its most recent filing with the SEC. Institutional investors and hedge funds own 0.07% of the company’s stock.

Moolec Science Company Profile

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. It operates in the United States, Europe, and South America. The company was founded in 2020 and is based in Luxembourg.