Rare Foods Australia Limited owns and operates an abalone sea ranching business in Australia, Asia, Europe, and North America. It develops its sea ranching for aquaculture. The company produces wild, ocean grown, and green lip abalones. The company was formerly known as Ocean Grown Abalone Limited and changed its name to Rare Foods Australia Limited in November 2021. Rare Foods Australia Limited was incorporated in 2011 and is based in Fremantle, Australia.
Research context
Ocean Grown Abalone Limited appears in PyInvesting’s Australia Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- AUD
- Sector
- Food Products
- Industry
- Consumer Staples
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5 years, 6 months ago
Ocean Grown Abalone Limited is currently in a long term downtrend where the price is trading 0.5% below its 200 day moving average.
From a valuation standpoint, the stock is 8.7% cheaper than other stocks from the Consumer Defensive sector with a price to sales ratio of 6.2.
Ocean Grown Abalone Limited's total revenue rose by 9.5% to $2M since the same quarter in the previous year.
Its net income has increased by 115.0% to $150K since the same quarter in the previous year.
Finally, its free cash flow grew by 152.4% to $472K since the same quarter in the previous year.
Based on the above factors, Ocean Grown Abalone Limited gets an overall score of 4/5.