Sow Good (NASDAQ:SOWG) Lowered to Neutral Rating by Roth Mkm

Roth Mkm cut shares of Sow Good (NASDAQ:SOWG) from a buy rating to a neutral rating in a research note published on Friday morning, MarketBeat reports. They currently have $4.00 target price on the stock, down from their prior target price of $17.00.

Sow Good Stock Down 11.3 %

NASDAQ SOWG traded down $0.48 on Friday, reaching $3.76. The company had a trading volume of 747,101 shares, compared to its average volume of 79,085. The stock’s 50 day moving average is $10.27. Sow Good has a 12 month low of $3.75 and a 12 month high of $24.83. The stock has a market cap of $38.50 million, a PE ratio of 6.06 and a beta of 1.96. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.13 and a quick ratio of 3.30.

Sow Good (NASDAQ:SOWG) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.28. The company had revenue of $15.65 million for the quarter, compared to analysts’ expectations of $14.40 million. Sow Good had a return on equity of 37.94% and a net margin of 13.24%. During the same period in the previous year, the firm posted ($0.68) earnings per share. On average, research analysts expect that Sow Good will post 0.52 EPS for the current year.

Institutional Trading of Sow Good

Hedge funds and other institutional investors have recently bought and sold shares of the business. Accredited Investors Inc. boosted its holdings in shares of Sow Good by 181.2% in the third quarter. Accredited Investors Inc. now owns 251,373 shares of the company’s stock valued at $2,939,000 after purchasing an additional 161,994 shares during the period. Bard Associates Inc. raised its holdings in shares of Sow Good by 43.3% in the third quarter. Bard Associates Inc. now owns 243,145 shares of the company’s stock worth $2,842,000 after buying an additional 73,445 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Sow Good during the second quarter worth about $1,826,000. Abound Wealth Management purchased a new position in shares of Sow Good during the second quarter worth $33,000. Finally, Perritt Capital Management Inc purchased a new position in shares of Sow Good during the 2nd quarter valued at about $60,000. Hedge funds and other institutional investors own 10.74% of the company’s stock.

Sow Good Company Profile

Sow Good Inc is engaged in producing nutritious products in the freeze-dried food industry. Sow Good Inc, formerly known as Black Ridge Oil and Gas Inc, is based in IRVING, Texas.