Shares of S&W Seed Company (NASDAQ:SANW) hit a new 52-week low during trading on Monday . The stock traded as low as $3.50 and last traded at $3.50, with a volume of 139,654 shares trading hands. The stock had previously closed at $3.60.
Several analysts have commented on the stock. B. Riley restated a “buy” rating and set a $8.00 price objective on shares of S&W Seed in a research note on Sunday, May 14th. Roth Capital set a $6.00 target price on shares of S&W Seed and gave the company a “buy” rating in a report on Saturday, May 13th. Bank of America Corporation initiated coverage on shares of S&W Seed in a report on Thursday, June 15th. They set a “buy” rating for the company. Piper Jaffray Companies lowered shares of S&W Seed from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $6.00 to $4.00 in a report on Thursday, May 11th. Finally, ValuEngine lowered shares of S&W Seed from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $6.00.
The stock’s market cap is $58.43 million. The firm’s 50-day moving average is $3.78 and its 200 day moving average is $4.30.
S&W Seed (NASDAQ:SANW) last posted its quarterly earnings results on Wednesday, May 10th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $21.01 million during the quarter, compared to analysts’ expectations of $27.49 million. S&W Seed had a positive return on equity of 1.53% and a negative net margin of 0.46%. The firm’s revenue was down 16.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 EPS. Equities analysts expect that S&W Seed Company will post ($0.02) earnings per share for the current year.
In other S&W Seed news, major shareholder Wynnefield Partners Small Cap acquired 157,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were bought at an average cost of $4.05 per share, for a total transaction of $635,850.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark S. Grewal acquired 24,000 shares of the company’s stock in a transaction on Friday, May 19th. The shares were acquired at an average price of $4.11 per share, for a total transaction of $98,640.00. Following the completion of the acquisition, the insider now directly owns 133,967 shares in the company, valued at $550,604.37. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 1,608,479 shares of company stock worth $6,460,785 and sold 33,219 shares worth $118,221. Insiders own 12.10% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Thomson Horstmann & Bryant Inc. increased its stake in shares of S&W Seed by 103.9% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 535,790 shares of the company’s stock worth $2,652,000 after buying an additional 272,980 shares during the period. Wynnefield Capital Inc. increased its stake in shares of S&W Seed by 12.3% in the first quarter. Wynnefield Capital Inc. now owns 2,386,496 shares of the company’s stock worth $11,813,000 after buying an additional 262,270 shares during the period. B. Riley Financial Inc. purchased a new stake in shares of S&W Seed during the first quarter worth $480,000. S Squared Technology LLC purchased a new stake in shares of S&W Seed during the first quarter worth $469,000. Finally, Cutter & CO Brokerage Inc. increased its stake in shares of S&W Seed by 10.9% in the second quarter. Cutter & CO Brokerage Inc. now owns 585,857 shares of the company’s stock worth $2,431,000 after buying an additional 57,679 shares during the period. Institutional investors and hedge funds own 63.76% of the company’s stock.
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About S&W Seed
S&W Seed Company (S&W) is a global agricultural company. The Company focuses on the breeding, production and sale of alfalfa seed. In addition to its primary activities in alfalfa seed, it also offers hybrid sorghum and sunflower seed germplasm. As of June 30, 2016, the Company sold its alfalfa seed varieties in more than 30 countries across the globe.
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