Roth Capital Downgrades Sow Good (NASDAQ:SOWG) to Hold

Sow Good (NASDAQ:SOWG) was downgraded by research analysts at Roth Capital from a “strong-buy” rating to a “hold” rating in a research report issued on Friday,Zacks.com reports.

Several other equities research analysts also recently issued reports on the company. Roth Mkm downgraded Sow Good from a “buy” rating to a “neutral” rating and cut their price objective for the company from $17.00 to $4.00 in a 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 Sow Good stock opened at $3.76 on Friday. The company has a current ratio of 5.13, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. The firm has a market cap of $38.50 million, a price-to-earnings ratio of 6.06 and a beta of 1.96. Sow Good has a 52 week low of $3.75 and a 52 week high of $24.83. The company has a fifty day simple moving average of $10.42.

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. The firm had revenue of $15.65 million for 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 in the previous year, the business earned ($0.68) EPS. As a group, equities analysts expect that Sow Good will post 0.52 earnings per share for the current year.

Institutional Investors Weigh In On Sow Good

Several large investors have recently bought and sold shares of SOWG. Abound Wealth Management purchased a new stake in Sow Good during the 2nd quarter worth about $33,000. Perritt Capital Management Inc purchased a new position in shares of Sow Good in the 2nd quarter valued at about $60,000. Swedbank AB purchased a new position in shares of Sow Good in the 2nd quarter valued at about $1,378,000. Accredited Investors Inc. purchased a new position in shares of Sow Good in the 2nd quarter valued at about $1,789,000. Finally, Marshall Wace LLP purchased a new position in shares of Sow Good in the 2nd quarter valued at about $1,826,000. 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.