Sow Good (NASDAQ:SOWG) Cut to Neutral at Roth Mkm

Sow Good (NASDAQ:SOWG) was downgraded by stock analysts at Roth Mkm from a “buy” rating to a “neutral” rating in a report issued on Friday, Marketbeat.com reports. They currently have a $4.00 price target on the stock, down from their prior price target of $17.00. Roth Mkm’s price objective indicates a potential upside of 6.38% from the stock’s current price.

Sow Good Stock Performance

Sow Good stock opened at $3.76 on Friday. The company has a quick ratio of 3.30, a current ratio of 5.13 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average of $10.27. Sow Good has a 1 year low of $3.75 and a 1 year high of $24.83. The stock has a market cap of $38.50 million, a P/E ratio of 6.06 and a beta of 1.96.

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

Institutional Trading of Sow Good

Several hedge funds have recently made changes to their positions in SOWG. Abound Wealth Management acquired a new position in shares of Sow Good in the second quarter worth $33,000. Perritt Capital Management Inc acquired a new position in Sow Good during the 2nd quarter worth $60,000. Swedbank AB purchased a new position in shares of Sow Good in the 2nd quarter valued at about $1,378,000. Bard Associates Inc. grew its holdings in Sow Good by 43.3% during the 3rd quarter. Bard Associates Inc. now owns 243,145 shares of the company’s stock worth $2,842,000 after acquiring an additional 73,445 shares in the last quarter. Finally, Accredited Investors Inc. purchased a new stake in shares of Sow Good in the 2nd quarter valued at approximately $1,789,000. Institutional investors and hedge funds own 10.74% of the company’s stock.

About Sow Good

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.