22nd Century Group (NASDAQ:XXII) Downgraded by StockNews.com

StockNews.com lowered shares of 22nd Century Group (NASDAQ:XXII) from a hold rating to a sell rating in a research report report published on Tuesday morning.

22nd Century Group Trading Up 3.4 %

Shares of NASDAQ XXII opened at $0.46 on Tuesday. The firm has a market capitalization of $3.81 million, a PE ratio of 0.00 and a beta of 1.38. 22nd Century Group has a 1 year low of $0.43 and a 1 year high of $31.04. The firm’s 50-day moving average is $0.68 and its 200-day moving average is $9.93.

Institutional Inflows and Outflows

An institutional investor recently raised its position in 22nd Century Group stock. Anson Funds Management LP increased its position in shares of 22nd Century Group, Inc. (NASDAQ:XXII) by 106.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,577,814 shares of the biotechnology company’s stock after acquiring an additional 3,399,323 shares during the quarter. Anson Funds Management LP owned about 83.28% of 22nd Century Group worth $789,000 as of its most recent SEC filing. Institutional investors 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.