Moolec Science (NASDAQ:MLEC) Shares Up 0.8% – Still a Buy?

Moolec Science SA (NASDAQ:MLEC) shares rose 0.8% during mid-day trading on Friday . The company traded as high as $8.90 and last traded at $9.09. Approximately 1,038 shares were traded during trading, a decline of 74% from the average daily volume of 3,998 shares. The stock had previously closed at $9.02.

Moolec Science Trading Up 0.8%

The company has a market cap of $36.49 million, a price-to-earnings ratio of -43.30 and a beta of -0.39. The company has a debt-to-equity ratio of 3.24, a current ratio of 1.51 and a quick ratio of 0.76. The business’s 50-day simple moving average is $7.23 and its 200-day simple moving average is $7.76.

Moolec Science (NASDAQ:MLEC) last issued its quarterly earnings data on Wednesday, April 16th. The company reported ($0.60) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.60). Moolec Science had a negative net margin of 140.32% and a negative return on equity of 119.34%. The business had revenue of $2.64 million during the quarter, compared to analysts’ expectations of $2.01 million.

Moolec Science Company Profile

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.