Sow Good (NASDAQ:SOWG) Shares Down 3.3% – Here’s Why

Sow Good Inc. (NASDAQ:SOWG)’s stock price fell 3.3% during trading on Wednesday . The stock traded as low as $2.39 and last traded at $2.60. Approximately 28,773 shares were traded during mid-day trading, a decline of 84% from the average session volume of 177,584 shares. The stock had previously closed at $2.69.

Wall Street Analysts Forecast Growth

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

Sow Good Price Performance

The stock has a market capitalization of $52.31 million, a price-to-earnings ratio of -0.11 and a beta of 1.39. The company’s 50-day simple moving average is $2.14 and its 200-day simple moving average is $5.68. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.68 and a quick ratio of 0.68.

Sow Good (NASDAQ:SOWG) last posted its earnings results on Wednesday, May 20th. The company reported ($0.13) EPS for the quarter. Sow Good had a negative net margin of 300.71% and a negative return on equity of 78.61%.

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.