Australian Oilseeds Holdings Limited (NASDAQ:COOT – Get Free Report)’s share price traded down 3% during mid-day trading on Wednesday . The company traded as low as $0.4634 and last traded at $0.4765. Approximately 63,839 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 5,420,680 shares. The stock had previously closed at $0.4910.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Australian Oilseeds in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.
Get Our Latest Analysis on COOT
Australian Oilseeds Stock Up 3.1%
Australian Oilseeds (NASDAQ:COOT – Get Free Report) last posted its quarterly earnings data on Monday, June 22nd. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $7.62 million during the quarter.
Institutional Trading of Australian Oilseeds
An institutional investor recently bought a new stake in Australian Oilseeds stock. Citadel Advisors LLC purchased a new stake in shares of Australian Oilseeds Holdings Limited (NASDAQ:COOT – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 45,422 shares of the company’s stock, valued at approximately $26,000. Citadel Advisors LLC owned approximately 0.16% of Australian Oilseeds at the end of the most recent quarter. 12.95% of the stock is owned by hedge funds and other institutional investors.
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.
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