StockNews.com Begins Coverage on Arcadia Biosciences (NASDAQ:RKDA)

StockNews.com initiated coverage on shares of Arcadia Biosciences (NASDAQ:RKDA) in a research note issued on Friday. The brokerage set a “sell” rating on the basic materials company’s stock.

Arcadia Biosciences Trading Down 21.0 %

Shares of NASDAQ RKDA opened at $4.64 on Friday. The company’s 50-day moving average price is $4.68 and its 200 day moving average price is $3.60. Arcadia Biosciences has a 52 week low of $1.85 and a 52 week high of $10.31. The stock has a market cap of $6.33 million, a price-to-earnings ratio of -1.08 and a beta of 0.90.

Arcadia Biosciences Company Profile

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.