Sow Good (NASDAQ:SOWG) Trading Down 0.7% – Here’s What Happened

Sow Good Inc. (NASDAQ:SOWG) shares were down 0.7% on Thursday . The company traded as low as $2.66 and last traded at $2.73. Approximately 7,100 shares were traded during trading, a decline of 93% from the average daily volume of 95,882 shares. The stock had previously closed at $2.75.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SOWG shares. Roth Mkm cut shares of Sow Good from a “buy” rating to a “neutral” rating and reduced their target price for the company from $17.00 to $4.00 in a research report on Friday, November 15th. Craig Hallum downgraded shares of Sow Good from a “buy” rating to a “hold” rating and set a $4.50 price objective for the company. in a report on Friday, November 15th. Finally, Roth Capital lowered shares of Sow Good from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th.

Sow Good Trading Down 0.7 %

The stock has a market capitalization of $27.97 million, a P/E ratio of 10.92 and a beta of 1.91. The business has a 50-day moving average price of $2.68 and a two-hundred day moving average price of $7.48.

Institutional Investors Weigh In On Sow Good

Large investors have recently bought and sold shares of the company. Accredited Investors Inc. raised its position in shares of Sow Good by 181.2% in the 3rd quarter. Accredited Investors Inc. now owns 251,373 shares of the company’s stock valued at $2,939,000 after buying an additional 161,994 shares in the last quarter. Bard Associates Inc. increased its stake in 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 acquiring an additional 73,445 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc acquired a new position in Sow Good during the fourth quarter valued at approximately $173,000. Two Sigma Investments LP bought a new stake in Sow Good during the fourth quarter worth $76,000. Finally, Perritt Capital Management Inc boosted its holdings in shares of Sow Good by 733.3% in the 4th quarter. Perritt Capital Management Inc now owns 25,000 shares of the company’s stock valued at $51,000 after purchasing an additional 22,000 shares in the last quarter. 10.74% of the stock is currently owned by institutional investors and hedge funds.

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.