Sadot Group (NASDAQ:SDOT) Announces Earnings Results

Sadot Group (NASDAQ:SDOT) issued its earnings results on Friday. The company reported $71.58 EPS for the quarter, FiscalAI reports. Sadot Group had a negative net margin of 37.82% and a negative return on equity of 963.54%.

Sadot Group Stock Up 6.6%

SDOT traded up $0.73 during trading on Friday, hitting $11.74. The company had a trading volume of 78,220 shares, compared to its average volume of 1,780,520. The company has a market capitalization of $7.87 million, a PE ratio of -0.04 and a beta of -1.48. Sadot Group has a one year low of $2.63 and a one year high of $260.40. The firm’s 50-day moving average price is $20.68 and its 200 day moving average price is $28.11.

Institutional Trading of Sadot Group

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SDOT. Wall Street Zen downgraded Sadot Group to a “strong sell” rating in a research note on Saturday, June 20th. Weiss Ratings cut Sadot Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

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. The company is also involved in the food service operations across the United States. The company was formerly known as Muscle Maker Inc and changed its name to Sadot Group Inc Sadot Group Inc was incorporated in 2019 and is headquartered in Fort Worth, Texas.