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

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

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

22nd Century Group Stock Down 17.6 %

Shares of NASDAQ:XXII opened at $5.10 on Friday. 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 firm has a market capitalization of $2.81 million, a P/E ratio of 0.00 and a beta of 1.59. The stock has a 50 day moving average price of $9.05 and a 200-day moving average price of $38.72.

22nd Century Group (NASDAQ:XXII) last released its earnings results on Tuesday, November 12th. The biotechnology company reported ($72.90) earnings per share for the quarter. The firm 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 position in 22nd Century Group, Inc. (NASDAQ:XXII) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,140,452 shares of the biotechnology company’s stock, valued at approximately $691,000. Anson Funds Management LP owned about 6.77% of 22nd Century Group as of its most recent filing with the Securities & Exchange Commission. 18.06% of the stock is owned by 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.