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

Roth Capital cut shares of Sow Good (NASDAQ:SOWG) from a strong-buy rating to a hold rating in a research note published on Friday morning,Zacks.com reports.

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

Sow Good Stock Performance

Shares of NASDAQ:SOWG opened at $3.94 on Friday. Sow Good has a 52-week low of $3.50 and a 52-week high of $24.83. The business has a 50 day moving average price of $10.14. The company has a current ratio of 5.13, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $40.37 million, a price-to-earnings ratio of 15.76 and a beta of 1.96.

Institutional Investors Weigh In On Sow Good

Several institutional investors have recently made changes to their positions in SOWG. Accredited Investors Inc. grew its stake in Sow Good by 181.2% in the 3rd quarter. Accredited Investors Inc. now owns 251,373 shares of the company’s stock worth $2,939,000 after buying an additional 161,994 shares in the last quarter. Bard Associates Inc. increased 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 worth $2,842,000 after buying an additional 73,445 shares during the period. Marshall Wace LLP purchased a new stake in Sow Good during the 2nd quarter valued at $1,826,000. Swedbank AB purchased a new stake in shares of Sow Good in the 2nd quarter worth about $1,378,000. Finally, Perritt Capital Management Inc bought a new stake in shares of Sow Good during the second quarter valued at approximately $60,000. Hedge funds and other institutional investors own 10.74% of the company’s stock.

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.