Craig Hallum Downgrades Sow Good (NASDAQ:SOWG) to Hold

Craig Hallum downgraded shares of Sow Good (NASDAQ:SOWG) from a buy rating to a hold rating in a report released on Friday morning, Marketbeat.com reports. They currently have $4.50 price objective on the stock.

Separately, Roth Mkm lowered shares of Sow Good from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $17.00 to $4.00 in a research report on Friday.

Sow Good Trading Up 4.8 %

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

Institutional Investors Weigh In On Sow Good

A number of hedge funds have recently bought and sold shares of the business. Accredited Investors Inc. grew its stake 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 worth $2,939,000 after buying an additional 161,994 shares in the last quarter. Bard Associates Inc. lifted its holdings in shares of Sow Good by 43.3% in the 3rd 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. Marshall Wace LLP purchased a new position in Sow Good in the second quarter worth about $1,826,000. Swedbank AB bought a new stake in Sow Good during the second quarter worth approximately $1,378,000. Finally, Perritt Capital Management Inc purchased a new stake in 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.