Arcadia Biosciences (NASDAQ:RKDA) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Arcadia Biosciences (NASDAQ:RKDA) in a report released on Thursday. The brokerage set a “sell” rating on the basic materials company’s stock.

Arcadia Biosciences Stock Down 2.0 %

Shares of RKDA stock opened at $5.92 on Thursday. The business has a 50 day moving average of $4.54 and a two-hundred day moving average of $3.49. Arcadia Biosciences has a 52 week low of $1.85 and a 52 week high of $10.31. The company has a market cap of $8.08 million, a P/E ratio of -1.38 and a beta of 1.19.

About Arcadia Biosciences

Arcadia Biosciences, Inc produces and markets plant-based food and beverage products in the United States. The company develops crop improvements primarily in wheat to enhance farm economics by improving the performance of crops in the field, as well as their value as food ingredients. Its food, beverage, and body case products include GoodWheat, Zola coconut water, ProVault topical pain relief, and SoulSpring.