22nd Century Group (NASDAQ:XXII) Earns Sell Rating from Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of 22nd Century Group (NASDAQ:XXII) in a report released on Thursday. The brokerage set a “sell” rating on the biotechnology company’s stock.

22nd Century Group Stock Performance

Shares of XXII opened at $4.95 on Thursday. The company’s 50 day simple moving average is $13.03 and its 200-day simple moving average is $52.86. The firm has a market cap of $1.70 million, a PE ratio of -0.22 and a beta of 1.50. 22nd Century Group has a 12-month low of $3.90 and a 12-month high of $581.85. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 1.59.

22nd Century Group (NASDAQ:XXII) last issued its quarterly earnings data on Tuesday, November 12th. The biotechnology company reported ($72.90) earnings per share (EPS) for the quarter. The business had revenue of $5.95 million for the quarter. 22nd Century Group had a negative return on equity of 380.39% and a negative net margin of 144.09%.

Institutional Trading of 22nd Century Group

A hedge fund recently bought a new stake in 22nd Century Group stock. Anson Funds Management LP bought a new stake in 22nd Century Group, Inc. (NASDAQ:XXII) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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.