S&W Seed Co. (SANW) Trading 5.7% Higher
S&W Seed Co. (NASDAQ:SANW) shares traded up 5.7% during mid-day trading on Friday . The company traded as high as $5.00 and last traded at $5.00, with a volume of 68,819 shares trading hands. The stock had previously closed at $4.73.
The stock’s 50-day moving average price is $4.45 and its 200 day moving average price is $4.36. The stock’s market cap is $84.18 million.
S&W Seed Co. (NASDAQ:SANW) last issued its quarterly earnings data on Thursday, May 12th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.05. The firm earned $25.01 million during the quarter, compared to the consensus estimate of $20.25 million. During the same period in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was down 18.1% on a year-over-year basis. Equities analysts anticipate that S&W Seed Co. will post ($0.01) EPS for the current fiscal year.
In other news, major shareholder Wynnefield Partners Small Cap acquired 9,617 shares of S&W Seed Co. stock in a transaction on Friday, June 17th. The stock was acquired at an average cost of $4.25 per share, with a total value of $40,872.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
S&W Seed Company is a producer and distributor of alfalfa seed around the world. The Company’s alfalfa seed business encompasses the production, breeding and sale of non-dormant and dormant conventional varieties, and the potential for production and sale of genetically modified organism (GMO) varieties.
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