Australian Oilseeds (NASDAQ:COOT) Issues Quarterly Earnings Results

Australian Oilseeds (NASDAQ:COOT) released its quarterly earnings data on Monday. The company reported ($0.03) EPS for the quarter, FiscalAI reports. The firm had revenue of $7.62 million during the quarter.

Australian Oilseeds Stock Up 0.9%

Shares of NASDAQ COOT opened at $0.61 on Wednesday. The stock’s 50 day moving average price is $0.62 and its two-hundred day moving average price is $0.65. The stock has a market capitalization of $16.89 million, a P/E ratio of -15.14 and a beta of 0.12. Australian Oilseeds has a 52-week low of $0.41 and a 52-week high of $4.50.

Hedge Funds Weigh In On Australian Oilseeds

An institutional investor recently bought a new stake in Australian Oilseeds stock. Yakira Capital Management Inc. bought a new position in Australian Oilseeds Holdings Limited (NASDAQ:COOT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing. 12.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Australian Oilseeds in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

About Australian Oilseeds

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.