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

Research analysts at StockNews.com began coverage on shares of 22nd Century Group (NASDAQ:XXII) in a research report issued on Thursday. The brokerage set a “sell” rating on the biotechnology company’s stock.

22nd Century Group Price Performance

Shares of XXII opened at $4.95 on Thursday. The firm has a market capitalization of $1.70 million, a price-to-earnings ratio of -0.22 and a beta of 1.50. The firm’s fifty day simple moving average is $13.03 and its 200-day simple moving average is $52.86. 22nd Century Group has a twelve month low of $3.90 and a twelve month high of $581.85. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 1.59.

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

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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 at the end of the most recent reporting period. 18.06% of the stock is currently owned by hedge funds and other institutional investors.

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.