22nd Century Group (NASDAQ:XXII) Downgraded by StockNews.com to Sell

22nd Century Group (NASDAQ:XXIIGet Free Report) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

22nd Century Group Price Performance

Shares of XXII stock opened at $5.84 on Tuesday. The stock’s fifty day moving average is $11.60 and its 200-day moving average is $47.83. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.93 and a current ratio of 1.09. 22nd Century Group has a 52 week low of $3.90 and a 52 week high of $581.85. The stock has a market capitalization of $2.00 million, a PE ratio of -0.26 and a beta of 1.50.

22nd Century Group (NASDAQ:XXIIGet Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The biotechnology company reported ($72.90) earnings per share (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 Investors Weigh In On 22nd Century Group

An institutional investor recently bought a new position in 22nd Century Group stock. Anson Funds Management LP acquired a new stake in 22nd Century Group, Inc. (NASDAQ:XXIIFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 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 reporting period. Institutional investors own 18.06% of the company’s stock.

About 22nd Century Group

(Get Free Report)

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.

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