Sadot Group (NASDAQ:SDOT) Stock Falls 7.4% – Should You Sell?

Sadot Group Inc. (NASDAQ:SDOT) shares fell 7.4% during trading on Wednesday. The company traded as low as $9.82 and last traded at $9.91. 55,104 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 99,057 shares. The stock had previously closed at $10.70.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SDOT. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sadot Group in a research note on Friday, August 21st. Wall Street Zen upgraded shares of Sadot Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Sadot Group presently has an average rating of “Sell”.

Sadot Group Stock Down 8.2%

The company has a market capitalization of $13.24 million, a price-to-earnings ratio of -0.02 and a beta of -1.53. The business has a 50-day moving average price of $12.37 and a 200-day moving average price of $17.89.

Sadot Group (NASDAQ:SDOT) last released its quarterly earnings results on Friday, August 14th. The company reported $71.58 earnings per share for the quarter.

About Sadot Group

Sadot Group Inc is an agriculture and food-supply-chain company that sources, produces, processes and distributes agricultural commodities and food products. Its activities include the trading and distribution of grains, oilseeds, pulses and other agricultural products, with an emphasis on connecting producers and end markets across international supply chains.

The company serves customers in multiple global markets through relationships with farmers, suppliers, processors, distributors and commercial buyers.