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

StockNews.com initiated coverage on shares of Arcadia Biosciences (NASDAQ:RKDA) in a report released on Sunday morning. The brokerage issued a sell rating on the basic materials company’s stock.

Arcadia Biosciences Stock Down 1.1 %

Shares of RKDA opened at $5.21 on Friday. The company has a 50 day moving average of $4.92 and a two-hundred day moving average of $3.76. Arcadia Biosciences has a twelve month low of $1.85 and a twelve month high of $10.31. The company has a market cap of $7.09 million, a price-to-earnings ratio of -1.22 and a beta of 0.90.

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.