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

Sow Good (NASDAQ:SOWG) was downgraded by Roth Mkm from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday,Briefing.com Automated Import reports. They presently have a $4.00 target price on the stock, down from their previous target price of $17.00. Roth Mkm’s price target would suggest a potential downside of 5.66% from the stock’s current price.

Sow Good Stock Down 56.8 %

Shares of SOWG stock opened at $4.24 on Friday. The business’s 50 day moving average is $10.56. Sow Good has a 12-month low of $3.92 and a 12-month high of $24.83. The stock has a market cap of $43.42 million, a price-to-earnings ratio of 6.84 and a beta of 1.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 5.13.

Sow Good (NASDAQ:SOWG) last issued 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. Sow Good had a net margin of 13.24% and a return on equity of 37.94%. The business had revenue of $15.65 million for the quarter, compared to analysts’ expectations of $14.40 million. During the same quarter in the previous year, the firm posted ($0.68) EPS. As a group, equities analysts expect that Sow Good will post 0.52 EPS for the current year.

Institutional Investors Weigh In On Sow Good

Several hedge funds have recently added to or reduced their stakes in the company. Abound Wealth Management purchased a new stake in Sow Good during the second quarter valued at about $33,000. Perritt Capital Management Inc purchased a new position in shares of Sow Good in the second quarter valued at about $60,000. Swedbank AB bought a new position in shares of Sow Good during the second quarter valued at about $1,378,000. Accredited Investors Inc. purchased a new stake in shares of Sow Good during the second quarter worth about $1,789,000. Finally, Marshall Wace LLP purchased a new position in Sow Good during the 2nd quarter valued at about $1,826,000. 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.