Sow Good Inc. (NASDAQ:SOWG - Get Free Report) shares dropped 0.9% on Monday . The company traded as low as $9.87 and last traded at $10.00. Approximately 40,308 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 60,839 shares. The stock had previously closed at $10.09.
Sow Good Stock Down 4.7 %
The stock has a fifty day moving average price of $11.30. The firm has a market cap of $97.63 million, a price-to-earnings ratio of 15.37 and a beta of 1.93. The company has a current ratio of 5.13, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06.
Sow Good (NASDAQ:SOWG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.28. The company had revenue of $15.65 million for the quarter, compared to the consensus estimate of $14.40 million. Sow Good had a return on equity of 37.94% and a net margin of 13.24%. During the same quarter in the prior year, the business posted ($0.68) EPS. On average, equities research analysts anticipate that Sow Good Inc. will post 0.52 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Sow Good
Institutional investors and hedge funds have recently modified their holdings of the stock. Swedbank AB purchased a new stake in Sow Good during the 2nd quarter valued at about $1,378,000. Marshall Wace LLP bought a new position in shares of Sow Good in the second quarter worth approximately $1,826,000. Accredited Investors Inc. purchased a new stake in shares of Sow Good during the second quarter valued at approximately $1,789,000. Abound Wealth Management purchased a new stake in shares of Sow Good during the second quarter valued at approximately $33,000. Finally, Perritt Capital Management Inc bought a new stake in shares of Sow Good during the second quarter valued at approximately $60,000. 10.74% of the stock is currently owned by institutional investors.
About Sow Good
(
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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.
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