StockNews.com Begins Coverage on 22nd Century Group (NASDAQ:XXII)

StockNews.com initiated coverage on shares of 22nd Century Group (NASDAQ:XXII) in a research report sent to investors on Monday morning. The brokerage issued a sell rating on the biotechnology company’s stock.

22nd Century Group Price Performance

Shares of NASDAQ XXII opened at $0.09 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 1.59. 22nd Century Group has a 52 week low of $0.08 and a 52 week high of $5.28. The firm has a 50-day moving average price of $0.15 and a 200 day moving average price of $0.55. The stock has a market capitalization of $4.18 million, a price-to-earnings ratio of 0.00 and a beta of 1.45.

22nd Century Group (NASDAQ:XXII) last announced its quarterly earnings data on Tuesday, November 12th. The biotechnology company reported ($0.54) EPS for the quarter. 22nd Century Group had a negative net margin of 144.09% and a negative return on equity of 380.39%. The company had revenue of $5.95 million during the quarter.

Institutional Trading of 22nd Century Group

An institutional investor recently bought a new position in 22nd Century Group stock. Anson Funds Management LP bought a new position in shares of 22nd Century Group, Inc. (NASDAQ:XXII) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,140,452 shares of the biotechnology company’s stock, valued at approximately $691,000. Anson Funds Management LP owned about 6.77% of 22nd Century Group at the end of the most recent quarter. Institutional investors own 18.06% of the company’s stock.

22nd Century Group Company Profile

22nd Century Group, Inc, a tobacco products company, engages in the sale and distribution of its own proprietary new reduced nicotine tobacco products. The company offers reduced nicotine content tobacco plants and very low nicotine combustible cigarette products. It also provides contract manufacturing services for conventional combustible tobacco products for third-party brands.