Sow Good (NASDAQ:SOWG) Shares to Reverse Split on Friday, April 24th

Sow Good Inc. (NASDAQ:SOWG)’s stock is set to reverse split on the morning of Friday, April 24th. The 1-15 reverse split was announced on Friday, April 17th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, April 23rd.

Sow Good Stock Down 21.3%

SOWG stock traded down $0.06 during trading on Monday, reaching $0.24. The stock had a trading volume of 654,923 shares, compared to its average volume of 142,151. Sow Good has a one year low of $0.23 and a one year high of $2.12. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is $0.42 and its two-hundred day moving average is $0.57.

Sow Good (NASDAQ:SOWG) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($1.93) earnings per share (EPS) for the quarter. Sow Good had a negative return on equity of 45.33% and a negative net margin of 300.71%.The firm had revenue of ($5.89) million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sow Good in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

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.