Sow Good (NASDAQ:SOWG) Shares Down 0.9% – What’s Next?

Sow Good Inc. (NASDAQ:SOWG)’s stock price was down 0.9% on Monday . The stock traded as low as $9.87 and last traded at $10.00. Approximately 40,308 shares traded hands during trading, a decline of 34% from the average daily volume of 60,839 shares. The stock had previously closed at $10.09.

Sow Good Trading Down 1.7 %

The company has a debt-to-equity ratio of 0.06, a current ratio of 5.13 and a quick ratio of 3.30. The stock has a market capitalization of $96.00 million, a PE ratio of 15.37 and a beta of 1.93. The company’s fifty day moving average is $11.30.

Sow Good (NASDAQ:SOWG) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.01 by $0.28. The company had revenue of $15.65 million during the quarter, compared to analyst estimates of $14.40 million. Sow Good had a net margin of 13.24% and a return on equity of 37.94%. During the same quarter in the previous year, the firm earned ($0.68) EPS. As a group, sell-side analysts anticipate that Sow Good Inc. will post 0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sow Good

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP purchased a new stake in Sow Good in the 2nd quarter worth $1,826,000. Abound Wealth Management purchased a new stake in Sow Good in the 2nd quarter worth $33,000. Perritt Capital Management Inc purchased a new stake in Sow Good in the 2nd quarter worth $60,000. Accredited Investors Inc. purchased a new stake in Sow Good in the 2nd quarter worth $1,789,000. Finally, Swedbank AB purchased a new stake in shares of Sow Good during the second quarter worth $1,378,000. 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.