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

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

Several other research firms also recently commented on SOWG. Craig Hallum cut shares of Sow Good from a “buy” rating to a “hold” rating and set a $4.50 price objective 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 decreased their price target for the company from $17.00 to $4.00 in a report on Friday.

Sow Good Stock Performance

Sow Good stock opened at $3.76 on Friday. The firm has a market cap of $38.50 million, a price-to-earnings ratio of 15.04 and a beta of 1.96. The business has a 50 day moving average price of $10.27. The company has a quick ratio of 3.30, a current ratio of 5.13 and a debt-to-equity ratio of 0.06. Sow Good has a 52 week low of $3.75 and a 52 week high of $24.83.

Institutional Investors Weigh In On Sow Good

Large investors have recently modified their holdings of the business. Accredited Investors Inc. raised its position in Sow Good by 181.2% in the 3rd quarter. Accredited Investors Inc. now owns 251,373 shares of the company’s stock valued at $2,939,000 after buying an additional 161,994 shares during the last quarter. Bard Associates Inc. increased its holdings in Sow Good by 43.3% during 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 last quarter. Marshall Wace LLP bought a new stake in Sow Good during the second quarter worth $1,826,000. Abound Wealth Management bought a new stake in Sow Good during the second quarter worth $33,000. Finally, Perritt Capital Management Inc acquired a new stake in Sow Good in the second quarter valued at $60,000. 10.74% of the stock is currently owned by institutional investors.

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.