Moolec Science (NASDAQ:MLEC) Trading Down 5.5% – Here’s What Happened

Moolec Science SA (NASDAQ:MLEC) dropped 5.5% during trading on Tuesday . The stock traded as low as $0.75 and last traded at $0.76. Approximately 26,278 shares were traded during trading, a decline of 95% from the average daily volume of 481,929 shares. The stock had previously closed at $0.80.

Moolec Science Price Performance

The firm has a market capitalization of $29.23 million, a PE ratio of -3.80 and a beta of -0.49. The firm’s fifty day moving average price is $0.86 and its 200 day moving average price is $0.92. The company has a current ratio of 1.69, a quick ratio of 0.92 and a debt-to-equity ratio of 1.75.

Moolec Science (NASDAQ:MLEC) last posted its quarterly earnings results on Wednesday, October 2nd. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The business had revenue of $1.52 million during the quarter. Moolec Science had a negative net margin of 129.97% and a negative return on equity of 97.95%.

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.