Australian Oilseeds (NASDAQ:COOT) Shares Down 0.6% – Time to Sell?

Australian Oilseeds Holdings Limited (NASDAQ:COOT) shares traded down 0.6% during mid-day trading on Tuesday . The stock traded as low as $0.5860 and last traded at $0.6060. 77,930 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 84,259 shares. The stock had previously closed at $0.6099.

Analyst Ratings Changes

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

Australian Oilseeds Stock Up 8.1%

The company has a market capitalization of $18.75 million, a price-to-earnings ratio of -16.80 and a beta of 0.12. The stock’s fifty day moving average price is $0.61 and its 200-day moving average price is $0.66.

Institutional Trading of Australian Oilseeds

A hedge fund recently bought a new stake in Australian Oilseeds stock. Yakira Capital Management Inc. acquired a new stake in Australian Oilseeds Holdings Limited (NASDAQ:COOT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 58,105 shares of the company’s stock, valued at approximately $30,000. Yakira Capital Management Inc. owned about 0.21% of Australian Oilseeds as of its most recent SEC filing. 12.95% of the stock is currently owned by institutional investors and hedge funds.

Australian Oilseeds Company Profile

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.