Sadot Group (NASDAQ:SDOT) Posts Quarterly Earnings Results

Sadot Group (NASDAQ:SDOT) posted its quarterly earnings results on Wednesday. The company reported ($17.38) earnings per share for the quarter, missing analysts’ consensus estimates of $2.10 by ($19.48), Zacks reports. The company had revenue of $0.27 million for the quarter, compared to analyst estimates of $180.40 million. Sadot Group had a negative return on equity of 36.44% and a negative net margin of 2.82%.

Sadot Group Stock Down 23.6%

Sadot Group stock opened at $2.65 on Friday. The firm has a market capitalization of $2.89 million, a PE ratio of -0.68 and a beta of 0.70. Sadot Group has a 52 week low of $2.60 and a 52 week high of $57.00. The firm’s 50-day simple moving average is $5.84 and its 200 day simple moving average is $9.84.

Wall Street Analyst Weigh In

A number of analysts recently commented on SDOT shares. Weiss Ratings reissued a “sell (d)” rating on shares of Sadot Group in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Sadot Group from a “hold” rating to a “sell” rating in a research report on Sunday, August 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Sadot Group

A hedge fund recently bought a new stake in Sadot Group stock. Jane Street Group LLC purchased a new stake in Sadot Group Inc. (NASDAQ:SDOT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 44,139 shares of the company’s stock, valued at approximately $58,000. Jane Street Group LLC owned approximately 0.60% of Sadot Group at the end of the most recent reporting period. 13.27% of the stock is owned by hedge funds and other institutional investors.

Sadot Group Company Profile

Sadot Group Inc provides supply chain solutions that address growing food security challenges worldwide. The company is involved in the agri-commodity sourcing and trading operations for food/feed products, such as soybean meal, wheat, and corn; and farm operations, including producing grains and tree crops in Southern Africa.