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

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

Sow Good Price Performance

The firm has a market capitalization of $96.00 million, a price-to-earnings ratio of 15.37 and a beta of 1.93. The firm has a fifty day simple moving average of $11.30. 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 (NASDAQ:SOWG) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.28. The firm had revenue of $15.65 million for the quarter, compared to analysts’ expectations 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 company posted ($0.68) EPS. On average, sell-side analysts anticipate that Sow Good Inc. will post 0.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace LLP acquired a new position in shares of Sow Good during the 2nd quarter valued at about $1,826,000. Accredited Investors Inc. acquired a new position in shares of Sow Good during the 2nd quarter valued at about $1,789,000. Swedbank AB acquired a new position in shares of Sow Good during the 2nd quarter valued at about $1,378,000. Perritt Capital Management Inc acquired a new position in Sow Good in the second quarter valued at about $60,000. Finally, Abound Wealth Management acquired a new position in Sow Good in the second quarter valued at about $33,000. Institutional investors and hedge funds 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.