Sow Good (NASDAQ:SOWG) Cut to “Hold” at Craig Hallum

Craig Hallum cut shares of Sow Good (NASDAQ:SOWG) from a buy rating to a hold rating in a report released on Friday morning, Marketbeat Ratings reports. The brokerage currently has $4.50 target price on the stock.

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

Sow Good Trading Down 11.3 %

Shares of NASDAQ:SOWG opened at $3.76 on Friday. 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’s 50-day moving average price is $10.27. The company has a market capitalization of $38.50 million, a P/E ratio of 15.04 and a beta of 1.96. Sow Good has a 12 month low of $3.75 and a 12 month high of $24.83.

Hedge Funds Weigh In On Sow Good

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