Australian Oilseeds (NASDAQ:COOT) Releases Quarterly Earnings Results

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

Australian Oilseeds Price Performance

Shares of COOT traded down $0.01 during midday trading on Monday, reaching $0.60. The stock had a trading volume of 9,332 shares, compared to its average volume of 84,344. The company’s 50-day moving average is $0.62 and its 200 day moving average is $0.65. Australian Oilseeds has a 12-month low of $0.41 and a 12-month high of $4.50.

Wall Street Analyst Weigh In

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, Based on data from MarketBeat, Australian Oilseeds currently has a consensus rating of “Sell”.

Institutional Trading of Australian Oilseeds

A hedge fund recently bought a new position in Australian Oilseeds stock. Yakira Capital Management Inc. purchased a new stake in shares of Australian Oilseeds Holdings Limited (NASDAQ:COOT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 58,105 shares of the company’s stock, valued at approximately $30,000. Yakira Capital Management Inc. owned about 0.21% of Australian Oilseeds at the end of the most recent reporting period. 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.