Sow Good (NASDAQ:SOWG) Rating Lowered to Hold at Craig Hallum

Sow Good (NASDAQ:SOWG) was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating in a note issued to investors on Friday, Marketbeat Ratings reports. They currently have a $4.50 price objective on the stock. Craig Hallum’s target price indicates a potential upside of 19.68% from the stock’s current price.

Separately, Roth Mkm cut shares of Sow Good from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $17.00 to $4.00 in a report on Friday.

Sow Good Stock Down 11.3 %

Shares of SOWG opened at $3.76 on Friday. Sow Good has a twelve month low of $3.75 and a twelve month high of $24.83. The firm’s 50 day moving average price is $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. The company has a market capitalization of $38.50 million, a P/E ratio of 6.06 and a beta of 1.96.

Sow Good (NASDAQ:SOWG) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.29 EPS 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 period last year, the company earned ($0.68) EPS. On average, sell-side analysts expect that Sow Good will post 0.52 EPS for the current year.

Institutional Trading of Sow Good

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Swedbank AB bought a new position in shares of Sow Good in the second quarter worth about $1,378,000. Accredited Investors Inc. bought a new stake in Sow Good during the 2nd quarter worth approximately $1,789,000. Perritt Capital Management Inc purchased a new position in Sow Good during the second quarter valued at approximately $60,000. Abound Wealth Management purchased a new stake in shares of Sow Good in the second quarter worth $33,000. Finally, Marshall Wace LLP purchased a new position in shares of Sow Good during the 2nd quarter valued at $1,826,000. 10.74% of the stock is owned by hedge funds and other institutional investors.

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.