Zacks Investment Research Upgrades S&W Seed (NASDAQ:SANW) to “Hold”

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S&W Seed (NASDAQ:SANW) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday, Zacks.com reports.

According to Zacks, “S&W Seed Company is engaged in breeding, contracting to grow, processing and selling agricultural commodities, which primarily include alfalfa seed and, to a lesser extent, wheat. Alfalfa seed varieties grow in warm climates and can thrive on poor, saline (salty) soils. The Company sells the seed primarily to dealers and distributors who, in turn, sell primarily to hay and dairy farmers who grow hay for dairy cattle and other livestock. S&W Seed Company is headquartered in Five Points, California. “

SANW has been the topic of a number of other research reports. B. Riley restated a “buy” rating and issued a $3.50 target price on shares of S&W Seed in a research report on Monday, June 10th. ValuEngine upgraded shares of S&W Seed from a “hold” rating to a “buy” rating in a research report on Thursday, May 23rd. Finally, National Securities restated a “buy” rating on shares of S&W Seed in a research report on Friday, May 10th.

Shares of S&W Seed stock opened at $2.56 on Tuesday. S&W Seed has a fifty-two week low of $1.81 and a fifty-two week high of $3.40. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.59 and a quick ratio of 0.34. The firm has a market capitalization of $86.52 million, a price-to-earnings ratio of -11.64 and a beta of 0.47. The company has a 50 day moving average of $2.69.

S&W Seed (NASDAQ:SANW) last issued its earnings results on Thursday, May 9th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.06. S&W Seed had a negative net margin of 14.26% and a negative return on equity of 9.19%. The firm had revenue of $18.18 million for the quarter, compared to analyst estimates of $13.00 million. Research analysts expect that S&W Seed will post -0.33 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. First Manhattan Co. bought a new position in shares of S&W Seed during the first quarter valued at $182,000. Prescott Group Capital Management L.L.C. bought a new position in shares of S&W Seed during the fourth quarter valued at $246,000. Dimensional Fund Advisors LP raised its stake in shares of S&W Seed by 11.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 162,512 shares of the company’s stock valued at $294,000 after acquiring an additional 16,236 shares during the last quarter. Finally, Teton Advisors Inc. raised its stake in shares of S&W Seed by 1.0% during the first quarter. Teton Advisors Inc. now owns 495,000 shares of the company’s stock valued at $1,327,000 after acquiring an additional 5,000 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

About S&W Seed

S&W Seed Company, an agricultural company, engages in breeding, growing, processing, and selling alfalfa seeds. The company sells its seeds to distributors and dealers in approximately 30 countries worldwide. S&W Seed Company was founded in 1980 and is headquartered in Sacramento, California.

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