Australian Oilseeds (NASDAQ:COOT) Stock Price Up 3.5% – What’s Next?

Australian Oilseeds Holdings Limited (NASDAQ:COOT) shot 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 were traded during trading, a decline of 83% from the average daily volume of 140,080 shares. The stock had previously closed at $0.4288.

Analysts Set New Price Targets

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

Australian Oilseeds Trading Up 3.5%

The company’s fifty day moving average price is $0.58 and its two-hundred day moving average price is $0.62. The company has a quick ratio of 0.35, a current ratio of 0.59 and a debt-to-equity ratio of 1.14. The company has a market cap of $12.39 million, a price-to-earnings ratio of -11.10 and a beta of 0.12.

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

Hedge Funds Weigh In On Australian Oilseeds

An institutional investor recently bought a new position in Australian Oilseeds stock. Yakira Capital Management Inc. bought a new stake in Australian Oilseeds Holdings Limited (NASDAQ:COOT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 58,105 shares of the company’s stock, valued at approximately $30,000. Yakira Capital Management Inc. owned approximately 0.21% of Australian Oilseeds as of its most recent filing with the Securities and Exchange Commission (SEC). 12.95% of the stock is owned by institutional investors.

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.