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

Moolec Science SA (NASDAQ:MLEC)’s stock is set to reverse split before the market opens 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 Stock Performance

Shares of Moolec Science stock opened at $0.91 on Friday. The business’s 50 day moving average price is $0.71 and its 200 day moving average price is $0.78. The company has a market cap of $36.52 million, a price-to-earnings ratio of -4.33 and a beta of -0.39. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.76 and a current ratio of 1.51. Moolec Science has a one year low of $0.53 and a one year high of $1.35.

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

About Moolec Science

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.