Sow Good (NASDAQ:SOWG) Lowered to Neutral Rating by Roth Mkm

Roth Mkm downgraded shares of Sow Good (NASDAQ:SOWG) from a buy rating to a neutral rating in a research report sent to investors on Friday, MarketBeat reports. Roth Mkm currently has $4.00 price target on the stock, down from their previous price target of $17.00.

Sow Good Trading Up 4.8 %

SOWG opened at $3.94 on Friday. Sow Good has a 12 month low of $3.50 and a 12 month high of $24.83. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 5.13. The business has a 50-day moving average of $10.14. The stock has a market capitalization of $40.37 million, a P/E ratio of 15.76 and a beta of 1.96.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Abound Wealth Management bought a new stake in Sow Good in the 2nd quarter worth $33,000. Perritt Capital Management Inc purchased a new position in Sow Good during the 2nd quarter valued at about $60,000. Swedbank AB bought a new position in Sow Good during the 2nd quarter valued at approximately $1,378,000. Accredited Investors Inc. purchased a new stake in Sow Good in the 2nd quarter worth approximately $1,789,000. Finally, Marshall Wace LLP purchased a new stake in Sow Good in the 2nd quarter worth approximately $1,826,000. 10.74% of the stock is 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.