S&W Seed (NASDAQ:SANW) Shares Pass Above 200-Day Moving Average – Time to Sell?

S&W Seed (NASDAQ:SANW)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.86 and traded as high as $8.49. S&W Seed shares last traded at $8.15, with a volume of 4,643 shares changing hands.

Analyst Ratings Changes

Several research analysts recently weighed in on SANW shares. StockNews.com started coverage on shares of S&W Seed in a research report on Saturday. They issued a “sell” rating for the company. Lake Street Capital lifted their target price on shares of S&W Seed from $10.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th.

S&W Seed Stock Up 1.2 %

The business’s fifty day simple moving average is $8.31 and its 200 day simple moving average is $5.87. The company has a current ratio of 1.03, a quick ratio of 0.40 and a debt-to-equity ratio of 0.16. The stock has a market cap of $17.48 million, a price-to-earnings ratio of -0.52 and a beta of 1.55.

S&W Seed (NASDAQ:SANW) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($2.05) earnings per share (EPS) for the quarter. S&W Seed had a negative net margin of 76.30% and a negative return on equity of 51.47%. The firm had revenue of $5.08 million during the quarter.

Insider Activity

In other news, major shareholder Mfp Partners Lp sold 200,000 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $0.15, for a total value of $30,000.00. Following the completion of the transaction, the insider now owns 993,187 shares of the company’s stock, valued at $148,978.05. The trade was a 16.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.40% of the stock is owned by company insiders.

About S&W Seed

S&W Seed Co engages in the breeding, production, and sale of stevia and alfalfa seeds. The company was founded in 1980 and is headquartered in Longmont, CO.