Somewhat Positive Media Coverage Somewhat Unlikely to Affect S&W Seed (NASDAQ:SANW) Share Price
Headlines about S&W Seed (NASDAQ:SANW) have trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. S&W Seed earned a coverage optimism score of 0.04 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.3446190699541 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of S&W Seed (NASDAQ:SANW) traded down 2.308% during midday trading on Monday, reaching $3.175. The company had a trading volume of 69,101 shares. S&W Seed has a one year low of $3.15 and a one year high of $5.35. The company has a 50 day moving average price of $3.78 and a 200-day moving average price of $4.30. The firm’s market capitalization is $57.08 million.
Several equities analysts have recently commented on the company. B. Riley reaffirmed a “buy” rating and issued a $8.00 target price on shares of S&W Seed in a research report on Sunday, May 14th. Bank of America Corporation initiated coverage on S&W Seed in a research report on Thursday, June 15th. They set a “buy” rating on the stock. Piper Jaffray Companies downgraded S&W Seed from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $6.00 to $4.00 in a research report on Thursday, May 11th. ValuEngine downgraded S&W Seed from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Roth Capital set a $6.00 price target on S&W Seed and gave the stock a “buy” rating in a research report on Saturday, May 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. S&W Seed presently has an average rating of “Hold” and an average price target of $6.00.
In other S&W Seed news, major shareholder Wynnefield Partners Small Cap acquired 157,000 shares of S&W Seed stock in a transaction that occurred on Tuesday, May 23rd. The stock was acquired at an average cost of $4.05 per share, for a total transaction of $635,850.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mark S. Grewal sold 29,938 shares of S&W Seed stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $3.50, for a total transaction of $104,783.00. Following the completion of the transaction, the insider now owns 160,879 shares of the company’s stock, valued at $563,076.50. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 1,608,479 shares of company stock valued at $6,460,785 and sold 32,219 shares valued at $114,021. 12.10% of the stock is currently owned by insiders.
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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