22nd Century Group (NASDAQ:XXII) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of 22nd Century Group (NASDAQ:XXII) in a report issued on Tuesday. The brokerage set a “sell” rating on the biotechnology company’s stock.

22nd Century Group Price Performance

Shares of NASDAQ:XXII opened at $0.10 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 1.59. The stock has a market cap of $4.45 million, a PE ratio of 0.00 and a beta of 1.45. The stock’s fifty day simple moving average is $0.17 and its two-hundred day simple moving average is $0.59. 22nd Century Group has a 1-year low of $0.08 and a 1-year high of $5.28.

22nd Century Group (NASDAQ:XXII) last posted its quarterly earnings data on Tuesday, November 12th. The biotechnology company reported ($0.54) EPS for the quarter. 22nd Century Group had a negative net margin of 144.09% and a negative return on equity of 380.39%. The firm had revenue of $5.95 million during the quarter.

Institutional Trading of 22nd Century Group

A hedge fund recently bought a new stake in 22nd Century Group stock. Anson Funds Management LP purchased a new stake in shares of 22nd Century Group, Inc. (NASDAQ:XXII) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,140,452 shares of the biotechnology company’s stock, valued at approximately $691,000. Anson Funds Management LP owned approximately 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.