Sadot Group (NASDAQ:SDOT) Trading Down 2.9% – Here’s Why

Sadot Group Inc. (NASDAQ:SDOT) traded down 2.9% during mid-day trading on Monday . The company traded as low as $11.88 and last traded at $12.03. Approximately 40,633 shares changed hands during trading, a decline of 99% from the average session volume of 2,837,410 shares. The stock had previously closed at $12.39.

Analyst Ratings Changes

SDOT has been the subject of a number of analyst reports. Wall Street Zen raised Sadot Group from a “strong sell” rating to a “sell” rating in a report on Saturday, August 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Sadot Group in a research report on Friday, August 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Sadot Group Stock Up 5.3%

The company has a 50 day simple moving average of $15.10 and a 200-day simple moving average of $21.44. The stock has a market cap of $16.24 million, a price-to-earnings ratio of -0.03 and a beta of -1.46.

Sadot Group (NASDAQ:SDOT) last issued its quarterly earnings results on Friday, August 14th. The company reported $71.58 earnings per share for the quarter. Sadot Group had a negative return on equity of 963.54% and a negative net margin of 37.82%.

Sadot Group Company Profile

Sadot Group Inc provides supply chain solutions that address growing food security challenges worldwide. The company is involved in the agri-commodity sourcing and trading operations for food/feed products, such as soybean meal, wheat, and corn; and farm operations, including producing grains and tree crops in Southern Africa. The company is also involved in the food service operations across the United States. The company was formerly known as Muscle Maker Inc and changed its name to Sadot Group Inc Sadot Group Inc was incorporated in 2019 and is headquartered in Fort Worth, Texas.