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

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

Sow Good Price Performance

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

Institutional Investors Weigh In On Sow Good

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Abound Wealth Management purchased a new position in Sow Good during the second quarter valued at $33,000. Perritt Capital Management Inc bought a new position in shares of Sow Good in the 2nd quarter worth about $60,000. Swedbank AB purchased a new position in Sow Good during the 2nd quarter valued at about $1,378,000. Accredited Investors Inc. purchased a new stake in Sow Good in the second quarter worth about $1,789,000. Finally, Marshall Wace LLP bought a new position in shares of Sow Good during the second quarter valued at approximately $1,826,000. 10.74% of the stock is owned by hedge funds and other institutional investors.

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.