Sow Good (NASDAQ:SOWG) Trading Up 2.7% – Here’s Why

Sow Good Inc. (NASDAQ:SOWG) shares shot up 2.7% during mid-day trading on Thursday . The stock traded as high as $3.47 and last traded at $3.47. 2,368 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 15,689 shares. The stock had previously closed at $3.38.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Sow Good from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Sow Good Trading Down 21.3%

The company has a market capitalization of $54.93 million, a PE ratio of -0.11 and a beta of 1.13. The business has a fifty day moving average of $3.04 and a 200 day moving average of $4.68.

Sow Good (NASDAQ:SOWG) last issued its quarterly earnings results on Wednesday, May 20th. The company reported ($0.13) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Sow Good

An institutional investor recently bought a new position in Sow Good stock. BlackRock Inc. purchased a new stake in Sow Good Inc. (NASDAQ:SOWG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 71,562 shares of the company’s stock, valued at approximately $298,000. BlackRock Inc. owned 0.36% of Sow Good as of its most recent SEC filing. 10.74% of the stock is owned by institutional investors and hedge funds.

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.