Moolec Science (NASDAQ:MLEC) Shares to Reverse Split on Wednesday, May 14th

Moolec Science SA (NASDAQ:MLEC)’s stock is scheduled to reverse split on Wednesday, May 14th. The 1-10 reverse split was announced on Tuesday, April 29th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, May 13th.

Moolec Science Trading Up 1.3 %

NASDAQ:MLEC opened at $0.75 on Friday. Moolec Science has a 12 month low of $0.53 and a 12 month high of $1.45. The firm has a fifty day simple moving average of $0.70 and a 200-day simple moving average of $0.78. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 3.24. The company has a market capitalization of $28.80 million, a P/E ratio of -3.57 and a beta of -0.33.

Moolec Science (NASDAQ:MLEC) last posted its quarterly earnings data on Wednesday, April 16th. The company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). Moolec Science had a negative net margin of 140.32% and a negative return on equity of 119.34%. The business had revenue of $2.64 million during the quarter, compared to the consensus estimate of $2.01 million.

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.