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 to clients and investors on Friday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Craig Hallum cut Sow Good from a “buy” rating to a “hold” rating and set a $4.50 target price for the company. in a research report on Friday. Roth Mkm cut Sow Good from a “buy” rating to a “neutral” rating and decreased their target price for the company from $17.00 to $4.00 in a research report on Friday.

Sow Good Stock Performance

SOWG opened at $3.76 on Friday. The stock has a market cap of $38.50 million, a P/E ratio of 6.06 and a beta of 1.96. The company has a current ratio of 5.13, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. Sow Good has a one year low of $3.75 and a one year high of $24.83. The firm has a 50-day simple moving average of $10.42.

Sow Good (NASDAQ:SOWG) last announced its earnings results on Wednesday, August 14th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.28. The firm had revenue of $15.65 million during the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned ($0.68) EPS. As a group, analysts predict that Sow Good will post 0.52 earnings per share for the current fiscal year.

Institutional Trading of Sow Good

A number of hedge funds have recently added to or reduced their stakes in the stock. Accredited Investors Inc. lifted its position in Sow Good by 181.2% during the 3rd quarter. Accredited Investors Inc. now owns 251,373 shares of the company’s stock worth $2,939,000 after acquiring an additional 161,994 shares during the period. Bard Associates Inc. lifted its position in Sow Good by 43.3% during the 3rd quarter. Bard Associates Inc. now owns 243,145 shares of the company’s stock worth $2,842,000 after acquiring an additional 73,445 shares during the period. Marshall Wace LLP acquired a new stake in Sow Good during the 2nd quarter worth approximately $1,826,000. Swedbank AB acquired a new stake in Sow Good during the 2nd quarter worth approximately $1,378,000. Finally, Perritt Capital Management Inc acquired a new stake in Sow Good during the 2nd quarter worth approximately $60,000. 10.74% of the stock is owned by institutional investors and hedge funds.

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.