22nd Century Group (NASDAQ:XXII) Coverage Initiated by Analysts at StockNews.com

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

22nd Century Group Price Performance

Shares of NASDAQ XXII opened at $5.13 on Wednesday. The firm has a 50-day simple moving average of $12.15 and a 200-day simple moving average of $49.79. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $1.76 million, a price-to-earnings ratio of -0.23 and a beta of 1.50. 22nd Century Group has a 52 week low of $3.90 and a 52 week high of $581.85.

22nd Century Group (NASDAQ:XXII) last released its quarterly earnings data on Tuesday, November 12th. The biotechnology company reported ($72.90) earnings per share for the quarter. 22nd Century Group had a negative return on equity of 380.39% and a negative net margin of 144.09%. The company had revenue of $5.95 million for the quarter.

Institutional Inflows and Outflows

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:XXII) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission. 18.06% of the stock is owned by institutional investors.

About 22nd Century Group

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.