Sadot Group (NASDAQ:SDOT) Announces Earnings Results

Sadot Group (NASDAQ:SDOT) posted its earnings results on Wednesday. The company reported ($17.38) earnings per share for the quarter, Zacks reports. Sadot Group had a net margin of 0.48% and a negative return on equity of 1.18%.

Sadot Group Trading Down 3.1%

NASDAQ SDOT traded down $0.11 on Wednesday, reaching $3.47. 50,045 shares of the stock were exchanged, compared to its average volume of 149,738. Sadot Group has a one year low of $3.00 and a one year high of $57.00. The firm has a market capitalization of $3.78 million, a PE ratio of -0.89 and a beta of 0.70. The company’s 50-day simple moving average is $6.07 and its two-hundred day simple moving average is $9.93.

Institutional Trading of Sadot Group

A hedge fund recently bought a new stake in Sadot Group stock. Jane Street Group LLC bought a new position in Sadot Group Inc. (NASDAQ:SDOT) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 44,139 shares of the company’s stock, valued at approximately $58,000. Jane Street Group LLC owned 0.60% of Sadot Group as of its most recent filing with the SEC. Hedge funds and other institutional investors own 13.27% of the company’s stock.

Analysts Set New Price Targets

SDOT has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Sadot Group in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Sadot Group from a “hold” rating to a “sell” rating in a research report on Sunday, August 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sadot Group has an average rating of “Sell”.

About Sadot Group

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.