Zacks Investment Research cut shares of S&W Seed (NASDAQ:SANW) from a buy rating to a hold rating in a research note released on Thursday morning, 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. “

A number of other equities research analysts also recently weighed in on the company. National Securities reaffirmed a buy rating and set a $6.00 price target on shares of S&W Seed in a research note on Friday, May 24th. ValuEngine raised S&W Seed from a hold rating to a buy rating in a research note on Thursday, May 23rd.

SANW opened at $2.95 on Thursday. S&W Seed has a fifty-two week low of $1.81 and a fifty-two week high of $3.50. 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 stock has a market cap of $99.17 million, a PE ratio of -13.41 and a beta of 0.50.

S&W Seed (NASDAQ:SANW) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.10) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.06. S&W Seed had a negative return on equity of 9.19% and a negative net margin of 14.26%. The company had revenue of $18.18 million during the quarter, compared to the consensus estimate of $13.00 million. On average, research analysts forecast that S&W Seed will post -0.33 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of SANW. Prescott Group Capital Management L.L.C. bought a new position in shares of S&W Seed in the 4th quarter valued at approximately $246,000. Neuberger Berman Group LLC bought a new position in shares of S&W Seed in the 1st quarter valued at approximately $266,000. First Manhattan Co. bought a new position in shares of S&W Seed in the 1st quarter valued at approximately $182,000. Dimensional Fund Advisors LP raised its stake in shares of S&W Seed by 16.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 146,276 shares of the company’s stock valued at $358,000 after acquiring an additional 20,253 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of S&W Seed in the 1st quarter valued at approximately $45,000. 77.19% of the stock is currently owned by institutional investors and hedge funds.

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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