Sow Good (NASDAQ:SOWG) Cut to “Hold” at Craig Hallum

Craig Hallum downgraded shares of Sow Good (NASDAQ:SOWG) from a buy rating to a hold rating in a research report sent to investors on Friday morning, Marketbeat Ratings reports. The firm currently has $4.50 price target on the stock.

Separately, Roth Mkm cut Sow Good from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $17.00 to $4.00 in a research note on Friday.

Sow Good Trading Down 11.3 %

SOWG stock traded down $0.48 during mid-day trading on Friday, hitting $3.76. 747,101 shares of the company were exchanged, compared to its average volume of 79,085. The firm has a market cap of $38.50 million, a P/E ratio of 6.06 and a beta of 1.96. Sow Good has a twelve month low of $3.75 and a twelve month high of $24.83. The stock’s fifty day moving average is $10.27. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.13 and a quick ratio of 3.30.

Sow Good (NASDAQ:SOWG) last posted 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 analyst estimates of $14.40 million. Sow Good had a net margin of 13.24% and a return on equity of 37.94%. During the same period in the previous year, the business posted ($0.68) EPS. As a group, sell-side analysts anticipate that Sow Good will post 0.52 earnings per share for the current year.

Institutional Trading of Sow Good

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Swedbank AB bought a new position in Sow Good during the second quarter valued at about $1,378,000. Accredited Investors Inc. bought a new position in shares of Sow Good during the 2nd quarter valued at about $1,789,000. Perritt Capital Management Inc acquired a new position in shares of Sow Good in the 2nd quarter worth approximately $60,000. Abound Wealth Management bought a new position in shares of Sow Good in the second quarter valued at $33,000. Finally, Marshall Wace LLP acquired a new stake in shares of Sow Good during the 2nd quarter valued at $1,826,000. 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.