Weiss Ratings Reaffirms Sell (E+) Rating for 22nd Century Group (NASDAQ:XXII)

22nd Century Group (NASDAQ:XXII)‘s stock had its “sell (e+)” rating reiterated by research analysts at Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.

Separately, StockNews.com downgraded 22nd Century Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 31st.

22nd Century Group Price Performance

NASDAQ XXII opened at $5.10 on Friday. The stock has a market capitalization of $2.81 million, a price-to-earnings ratio of 0.00 and a beta of 1.59. 22nd Century Group has a 1-year low of $3.90 and a 1-year high of $581.85. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.09 and a quick ratio of 0.93. The business’s fifty day moving average price is $9.05 and its 200-day moving average price is $38.72.

22nd Century Group (NASDAQ:XXII) last announced its earnings results on Tuesday, November 12th. The biotechnology company reported ($72.90) EPS for the quarter. The business had revenue of $5.95 million for the quarter.

Hedge Funds Weigh In On 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 shares of 22nd Century Group, Inc. (NASDAQ:XXII) during the 3rd quarter, according to the company in its most recent Form 13F 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 6.77% of 22nd Century Group at the end of the most recent quarter. 18.06% of the stock is currently owned by hedge funds and other institutional investors.

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.