22nd Century Group (NASDAQ:XXII) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of 22nd Century Group (NASDAQ:XXII) in a report published on Monday. The firm issued a sell rating on the biotechnology company’s stock.

22nd Century Group Price Performance

Shares of NASDAQ:XXII opened at $0.09 on Monday. 22nd Century Group has a 12 month low of $0.08 and a 12 month high of $5.28. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.09 and a quick ratio of 0.93. The firm has a market capitalization of $4.18 million, a P/E ratio of 0.00 and a beta of 1.45. The company’s fifty day moving average price is $0.15 and its 200 day moving average price is $0.55.

22nd Century Group (NASDAQ:XXII) last issued its quarterly earnings data on Tuesday, November 12th. The biotechnology company reported ($0.54) earnings per share (EPS) for the quarter. 22nd Century Group had a negative return on equity of 380.39% and a negative net margin of 144.09%. The business had revenue of $5.95 million for the quarter.

Institutional Trading of 22nd Century Group

An institutional investor recently bought a new position in 22nd Century Group stock. Anson Funds Management LP bought a new stake in 22nd Century Group, Inc. (NASDAQ:XXII) during the 3rd quarter, according to the company in 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 approximately 6.77% of 22nd Century Group as of its most recent SEC filing. Institutional investors and hedge funds own 18.06% of the company’s stock.

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.