Moolec Science (NASDAQ:MLEC) Trading Down 1.3% – Time to Sell?

Moolec Science SA (NASDAQ:MLEC) traded down 1.3% on Wednesday . The stock traded as low as $7.65 and last traded at $7.76. Approximately 6,440 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 26,046 shares. The stock had previously closed at $7.86.

Wall Street Analyst Weigh In

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

Moolec Science Stock Performance

The company has a quick ratio of 0.08, a current ratio of 0.15 and a debt-to-equity ratio of 0.79. The firm has a market cap of $5.97 million, a price-to-earnings ratio of -0.25 and a beta of 0.28. The business has a 50 day moving average of $7.90 and a 200 day moving average of $7.54.

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

Institutional Investors Weigh In On Moolec Science

A hedge fund recently bought a new stake in Moolec Science stock. Citadel Advisors LLC acquired a new stake in Moolec Science SA (NASDAQ:MLEC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 36,218 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned about 0.90% of Moolec Science at the end of the most recent reporting period. 0.07% of the stock is currently owned by institutional investors and hedge funds.

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.