S&W Seed (NASDAQ:SANW) Major Shareholder Mfp Partners Lp Sells 200,000 Shares

S&W Seed (NASDAQ:SANW) major shareholder Mfp Partners Lp sold 200,000 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $0.15, for a total transaction of $30,000.00. Following the completion of the sale, the insider now directly owns 993,187 shares of the company’s stock, valued at approximately $148,978.05. This trade represents a 16.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

S&W Seed Trading Down 0.5 %

S&W Seed stock opened at $5.72 on Wednesday. S&W Seed has a 1 year low of $2.10 and a 1 year high of $14.25. The firm’s 50 day moving average price is $4.34 and its 200-day moving average price is $5.07. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.85 and a quick ratio of 0.37. The stock has a market cap of $13.06 million, a P/E ratio of -0.32 and a beta of 1.57.

S&W Seed (NASDAQ:SANW) last announced its quarterly earnings results on Friday, November 1st. The company reported ($2.95) earnings per share (EPS) for the quarter. S&W Seed had a negative net margin of 77.05% and a negative return on equity of 48.07%. The company had revenue of $14.82 million during the quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SANW shares. StockNews.com began coverage on shares of S&W Seed in a report on Thursday, December 19th. They issued a “sell” rating for the company. Lake Street Capital upped their price objective on S&W Seed from $10.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th.

S&W Seed Company Profile

S&W Seed Company, an agricultural company, engages in breeding, growing, processing, and selling alfalfa and sorghum seeds. The company also offers sunflower, stevia, camelina, wheat, and pasture seeds. It sells its seeds to distributors and dealers in 40 countries. The company was founded in 1980 and is headquartered in Longmont, Colorado.