Australian Oilseeds (NASDAQ:COOT) Stock Price Up 3.4% – Here’s What Happened

Australian Oilseeds Holdings Limited (NASDAQ:COOT)’s stock price rose 3.4% on Tuesday . The stock traded as high as $0.88 and last traded at $0.79. Approximately 329,908 shares traded hands during mid-day trading, an increase of 614% from the average daily volume of 46,188 shares. The stock had previously closed at $0.76.

Australian Oilseeds Trading Up 3.4%

The company has a quick ratio of 0.28, a current ratio of 0.52 and a debt-to-equity ratio of 21.67. The company’s 50 day moving average price is $1.04 and its two-hundred day moving average price is $1.09.

Australian Oilseeds (NASDAQ:COOT) last announced its earnings results on Monday, March 31st. The company reported ($0.01) EPS for the quarter. The company had revenue of $9.50 million during the quarter.

Hedge Funds Weigh In On Australian Oilseeds

A hedge fund recently bought a new stake in Australian Oilseeds stock. HighTower Advisors LLC acquired a new position in Australian Oilseeds Holdings Limited (NASDAQ:COOT) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 244,872 shares of the company’s stock, valued at approximately $313,000. HighTower Advisors LLC owned approximately 1.05% of Australian Oilseeds at the end of the most recent reporting period. Institutional investors and hedge funds own 12.95% of the company’s stock.

Australian Oilseeds Company Profile

Australian Oilseeds Holdings Ltd. engages in the manufacture and sale oil seeds through its subsidiaries. It focuses on acquiring, engaging in a share exchange, share reconstruction, and amalgamation with, purchasing all or substantially all the assets of, entering contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities.