Arcadia Biosciences (NASDAQ:RKDA) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Arcadia Biosciences (NASDAQ:RKDA) in a research note issued to investors on Wednesday. The firm set a “sell” rating on the basic materials company’s stock.

Arcadia Biosciences Price Performance

RKDA stock opened at $6.18 on Wednesday. The company’s 50-day moving average is $4.23 and its 200-day moving average is $3.37. The stock has a market capitalization of $8.44 million, a PE ratio of -1.44 and a beta of 1.19. Arcadia Biosciences has a 1 year low of $1.85 and a 1 year high of $10.31.

Arcadia Biosciences Company Profile

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.