Sow Good (NASDAQ:SOWG) Rating Lowered to Hold at Roth Capital

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

Several other brokerages also recently issued reports on SOWG. Roth Mkm downgraded Sow Good from a “buy” rating to a “neutral” rating and cut their price target for the company from $17.00 to $4.00 in a report on Friday. Craig Hallum downgraded shares of Sow Good from a “buy” rating to a “hold” rating and set a $4.50 target price for the company. in a report on Friday.

Sow Good Trading Down 11.3 %

NASDAQ SOWG opened at $3.76 on Friday. The stock’s fifty day moving average price is $10.27. Sow Good has a 1 year low of $3.75 and a 1 year high of $24.83. The company has a market capitalization of $38.50 million, a price-to-earnings ratio of 6.06 and a beta of 1.96. 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 quarterly earnings results on Wednesday, August 14th. The company reported $0.29 EPS for the quarter, topping 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 business had revenue of $15.65 million during the quarter, compared to analysts’ expectations of $14.40 million. During the same quarter last year, the company posted ($0.68) earnings per share. On average, research analysts anticipate that Sow Good will post 0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Accredited Investors Inc. increased its position in Sow Good by 181.2% during the third 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. Marshall Wace LLP acquired a new stake in shares of Sow Good in the second quarter valued at approximately $1,826,000. Bard Associates Inc. boosted its stake in shares of Sow Good by 43.3% in the third quarter. Bard Associates Inc. now owns 243,145 shares of the company’s stock valued at $2,842,000 after buying an additional 73,445 shares during the period. Swedbank AB acquired a new stake in Sow Good during the second quarter worth approximately $1,378,000. Finally, Perritt Capital Management Inc bought a new position in Sow Good during the 2nd quarter worth $60,000. Institutional investors own 10.74% of the company’s stock.

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.