Sow Good (NASDAQ:SOWG) Shares Down 0.9% – Should You Sell?

Sow Good Inc. (NASDAQ:SOWG) traded down 0.9% on Monday . The company traded as low as $9.87 and last traded at $10.00. 40,308 shares traded hands during trading, a decline of 34% from the average session volume of 60,839 shares. The stock had previously closed at $10.09.

Sow Good Trading Down 0.9 %

The firm has a fifty day simple moving average of $11.42. The firm has a market cap of $101.42 million, a price-to-earnings ratio of -28.57 and a beta of 1.93. The company has a quick ratio of 3.30, a current ratio of 5.13 and a debt-to-equity ratio of 0.06.

Sow Good (NASDAQ:SOWG) last announced its earnings results on Wednesday, August 14th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.28. Sow Good had a return on equity of 37.94% and a net margin of 13.24%. The company had revenue of $15.65 million during the quarter, compared to analysts’ expectations of $14.40 million. During the same period last year, the business posted ($0.68) EPS. On average, equities analysts forecast that Sow Good Inc. will post 0.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sow Good

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

About Sow Good

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.