Moolec Science (NASDAQ:MLEC) Stock Price Up 0.9% – Still a Buy?

Shares of Moolec Science SA (NASDAQ:MLECGet Free Report) shot up 0.9% during mid-day trading on Monday . The stock traded as high as $6.85 and last traded at $6.60. 2,656 shares traded hands during trading, a decline of 64% from the average session volume of 7,322 shares. The stock had previously closed at $6.54.

Wall Street Analyst Weigh In

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

Get Our Latest Analysis on Moolec Science

Moolec Science Stock Up 0.9%

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 has a market cap of $4.82 million, a P/E ratio of -0.20 and a beta of 0.26. The firm has a 50-day simple moving average of $7.62 and a two-hundred day simple moving average of $7.86.

Moolec Science (NASDAQ:MLECGet Free Report) last posted its earnings results on Thursday, May 14th. The company reported $47.49 earnings per share for the quarter. The firm had revenue of $2.62 million for the quarter.

Institutional Trading of Moolec Science

A hedge fund recently bought a new position in Moolec Science stock. Citadel Advisors LLC acquired a new stake in Moolec Science SA (NASDAQ:MLECFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 SEC filing. Institutional investors own 0.07% of the company’s stock.

About Moolec Science

(Get Free Report)

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.

Further Reading

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