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

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

Sow Good Stock Performance

Shares of NASDAQ SOWG opened at $3.76 on Friday. The company has a market cap of $38.50 million, a PE ratio of 15.04 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 has a fifty-two week low of $3.75 and a fifty-two week high of $24.83. The company has a 50-day simple moving average of $10.27.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Swedbank AB bought a new position in Sow Good during the 2nd quarter valued at $1,378,000. Accredited Investors Inc. bought a new position in shares of Sow Good during the second quarter valued at about $1,789,000. Perritt Capital Management Inc purchased a new position in Sow Good during the second quarter worth about $60,000. Abound Wealth Management bought a new stake in Sow Good in the 2nd quarter worth about $33,000. Finally, Marshall Wace LLP purchased a new stake in Sow Good in the 2nd quarter valued at about $1,826,000. Hedge funds and other 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.