Australian Oilseeds (NASDAQ:COOT) Trading Down 0.9% – What’s Next?

Australian Oilseeds Holdings Limited (NASDAQ:COOT) dropped 0.9% during mid-day trading on Tuesday . The stock traded as low as $0.8688 and last traded at $0.8888. Approximately 96,716 shares traded hands during trading, a decline of 37% from the average daily volume of 152,392 shares. The stock had previously closed at $0.8967.

Analyst Ratings Changes

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

Australian Oilseeds Stock Down 0.9%

The company has a quick ratio of 0.33, a current ratio of 0.54 and a debt-to-equity ratio of 0.30. The firm’s 50-day moving average price is $1.15 and its 200 day moving average price is $0.82. The firm has a market cap of $24.80 million, a P/E ratio of -22.22 and a beta of 0.01.

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

Hedge Funds Weigh In On Australian Oilseeds

A hedge fund recently bought a new stake in Australian Oilseeds stock. HighTower Advisors LLC bought a new stake in Australian Oilseeds Holdings Limited (NASDAQ:COOT) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 244,872 shares of the company’s stock, valued at approximately $313,000. HighTower Advisors LLC owned 1.05% of Australian Oilseeds at the end of the most recent reporting period. 12.95% of the stock is owned by institutional investors and hedge funds.

About Australian Oilseeds

Australian Oilseeds Holdings Ltd. engages in the manufacture and sale oil seeds through its subsidiaries. It focuses on acquiring, engaging in a share exchange, share reconstruction, and amalgamation with, purchasing all or substantially all the assets of, entering contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities.