Australian Oilseeds (NASDAQ:COOT) Trading Down 1.4% – Should You Sell?

Australian Oilseeds Holdings Limited (NASDAQ:COOT)’s share price was down 1.4% during trading on Wednesday . The company traded as low as $0.5925 and last traded at $0.6150. Approximately 22,307 shares were traded during trading, a decline of 84% from the average daily volume of 135,542 shares. The stock had previously closed at $0.6236.

Analyst Upgrades and Downgrades

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

Australian Oilseeds Stock Down 5.6%

The company has a market cap of $16.57 million, a P/E ratio of -14.85 and a beta of 0.01. The stock has a 50-day moving average of $1.10 and a two-hundred day moving average of $0.81. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.33 and a current ratio of 0.54.

Australian Oilseeds (NASDAQ:COOT) last posted its quarterly earnings results on Tuesday, September 30th. The company reported $0.01 EPS for the quarter. Australian Oilseeds had a negative net margin of 2.98% and a negative return on equity of 104.19%. The firm had revenue of $7.39 million for the quarter.

Hedge Funds Weigh In On Australian Oilseeds

A hedge fund recently bought a new stake in Australian Oilseeds stock. HighTower Advisors LLC acquired a new stake in Australian Oilseeds Holdings Limited (NASDAQ:COOT) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 244,872 shares of the company’s stock, valued at approximately $313,000. HighTower Advisors LLC owned about 1.05% of Australian Oilseeds as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other 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.