Sow Good (NASDAQ:SOWG) Rating Lowered 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 released on Friday, MarketBeat reports. They presently have a $4.00 price objective on the stock, down from their previous price objective of $17.00. Roth Mkm’s price target indicates a potential upside of 6.38% from the company’s current price.

Sow Good Trading Down 11.3 %

NASDAQ SOWG opened at $3.76 on Friday. The firm has a market cap of $38.50 million, a PE ratio of 6.06 and a beta of 1.96. The business has a 50-day simple moving average of $10.27. The company has a quick ratio of 3.30, a current ratio of 5.13 and a debt-to-equity ratio of 0.06. Sow Good has a twelve month low of $3.75 and a twelve month high of $24.83.

Sow Good (NASDAQ:SOWG) last announced its 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. Sow Good had a return on equity of 37.94% and a net margin of 13.24%. The business had revenue of $15.65 million during the quarter, compared to the consensus estimate of $14.40 million. During the same period in the prior year, the company posted ($0.68) EPS. Equities analysts predict that Sow Good will post 0.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Sow Good

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Abound Wealth Management acquired a new stake in shares of Sow Good in the second quarter worth approximately $33,000. Perritt Capital Management Inc purchased a new stake in shares of Sow Good during the second quarter worth $60,000. Swedbank AB acquired a new stake in shares of Sow Good in the second quarter valued at about $1,378,000. Bard Associates Inc. lifted its stake in shares of Sow Good by 43.3% in the third quarter. Bard Associates Inc. now owns 243,145 shares of the company’s stock worth $2,842,000 after buying an additional 73,445 shares in the last quarter. Finally, Accredited Investors Inc. acquired a new position in Sow Good during the second quarter worth about $1,789,000. 10.74% of the stock is owned by hedge funds and other institutional investors.

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.