Arcadia Biosciences (NASDAQ:RKDA) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Arcadia Biosciences (NASDAQ:RKDA) in a research report issued to clients and investors on Friday. The firm set a “sell” rating on the basic materials company’s stock.

Arcadia Biosciences Stock Down 21.0 %

NASDAQ RKDA opened at $4.64 on Friday. The firm has a 50-day moving average price of $4.68 and a 200 day moving average price of $3.60. Arcadia Biosciences has a 52-week low of $1.85 and a 52-week high of $10.31. The stock has a market capitalization of $6.33 million, a P/E ratio of -1.08 and a beta of 0.90.

About Arcadia Biosciences

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.