Moolec Science (NASDAQ:MLEC) Trading Up 0.9% – Time to Buy?

Moolec Science SA (NASDAQ:MLEC)’s stock price was up 0.9% during trading on Monday . The company traded as high as $6.85 and last traded at $6.60. Approximately 2,656 shares changed hands during trading, a decline of 64% from the average daily volume of 7,322 shares. The stock had previously closed at $6.54.

Analyst Ratings Changes

Separately, Wall Street Zen raised Moolec Science from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th.

Moolec Science Trading Down 12.4%

The company has a current ratio of 0.15, a quick ratio of 0.08 and a debt-to-equity ratio of 0.79. The stock has a market cap of $5.37 million, a price-to-earnings ratio of -0.22 and a beta of 0.26. The company has a fifty day simple moving average of $7.61 and a 200-day simple moving average of $7.90.

Moolec Science (NASDAQ:MLEC) last announced its earnings results on Thursday, May 14th. The company reported $47.49 EPS for the quarter. The firm had revenue of $2.62 million during the quarter.

Hedge Funds Weigh In On Moolec Science

An institutional investor recently bought a new stake in Moolec Science stock. Citadel Advisors LLC bought a new stake in shares of Moolec Science SA (NASDAQ:MLEC) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 36,218 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned 0.90% of Moolec Science as of its most recent SEC filing. 0.07% of the stock is owned by institutional investors.

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. It operates in the United States, Europe, and South America. The company was founded in 2020 and is based in Luxembourg.