Australian Oilseeds (NASDAQ:COOT) Shares Up 3.5% – Time to Buy?

Shares of Australian Oilseeds Holdings Limited (NASDAQ:COOT) traded up 3.5% during mid-day trading on Monday . The company traded as high as $0.4440 and last traded at $0.4440. Approximately 24,403 shares traded hands during trading, a decline of 83% from the average session volume of 140,080 shares. The stock had previously closed at $0.4288.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Australian Oilseeds in a report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Australian Oilseeds has a consensus rating of “Sell”.

Australian Oilseeds Stock Down 1.8%

The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $11.71 million, a P/E ratio of -10.49 and a beta of 0.12. The stock’s 50 day simple moving average is $0.57 and its 200 day simple moving average is $0.62.

Australian Oilseeds (NASDAQ:COOT) last posted its quarterly earnings results on Monday, June 22nd. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $7.62 million for the quarter.

Institutional Trading of Australian Oilseeds

A hedge fund recently bought a new stake in Australian Oilseeds stock. Yakira Capital Management Inc. acquired a new stake in Australian Oilseeds Holdings Limited (NASDAQ:COOT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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.