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

StockNews.com initiated coverage on shares of 22nd Century Group (NASDAQ:XXII) in a research note released on Thursday. The brokerage issued a sell rating on the biotechnology company’s stock.

22nd Century Group Stock Performance

Shares of XXII stock opened at $4.73 on Thursday. 22nd Century Group has a 52-week low of $3.90 and a 52-week high of $581.85. 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 cap of $219.28 million, a PE ratio of -0.21 and a beta of 1.50. The business has a 50-day simple moving average of $13.03 and a 200-day simple moving average of $52.86.

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

Hedge Funds Weigh In On 22nd Century Group

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 its most recent Form 13F filing with the 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 about 6.77% of 22nd Century Group as of its most recent filing with the SEC. 18.06% of the stock is owned by institutional investors and hedge funds.

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.