Sow Good (NASDAQ:SOWG) Stock Rating Lowered by Roth Capital

Roth Capital downgraded shares of Sow Good (NASDAQ:SOWG) from a strong-buy rating to a hold rating in a report published on Friday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on SOWG. Roth Mkm downgraded Sow Good from a “buy” rating to a “neutral” rating and lowered their price target for the company from $17.00 to $4.00 in a research report on Friday. Craig Hallum downgraded Sow Good from a “buy” rating to a “hold” rating and set a $4.50 price objective on the stock. in a report on Friday.

Sow Good Stock Down 11.3 %

Shares of NASDAQ SOWG traded down $0.48 during mid-day trading on Friday, hitting $3.76. 747,101 shares of the company were exchanged, compared to its average volume of 79,085. Sow Good has a 1-year low of $3.75 and a 1-year high of $24.83. The company has a market capitalization of $38.50 million, a price-to-earnings ratio of 6.06 and a beta of 1.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 5.13. The business’s 50 day moving average is $10.27.

Sow Good (NASDAQ:SOWG) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $14.40 million. Sow Good had a return on equity of 37.94% and a net margin of 13.24%. During the same quarter last year, the business posted ($0.68) earnings per share. Analysts anticipate that Sow Good will post 0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sow Good

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Accredited Investors Inc. boosted its holdings in Sow Good by 181.2% during the third quarter. Accredited Investors Inc. now owns 251,373 shares of the company’s stock valued at $2,939,000 after acquiring an additional 161,994 shares during the period. Bard Associates Inc. boosted its stake in shares of Sow Good by 43.3% in the 3rd quarter. Bard Associates Inc. now owns 243,145 shares of the company’s stock valued at $2,842,000 after purchasing an additional 73,445 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Sow Good during the second quarter worth approximately $1,826,000. Abound Wealth Management bought a new position in Sow Good in the 2nd quarter valued at $33,000. Finally, Perritt Capital Management Inc bought a new position in shares of Sow Good in the second quarter worth 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.