22nd Century Group’s (XXII) “Sell (E+)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (e+) rating on shares of 22nd Century Group (NASDAQ:XXII) in a research note issued to investors on Saturday morning,Weiss Ratings reports.

Separately, StockNews.com lowered shares of 22nd Century Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 31st.

22nd Century Group Stock Performance

Shares of NASDAQ XXII opened at $1.73 on Friday. The company has a market capitalization of $2.97 million, a PE ratio of 0.00 and a beta of 1.67. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.93 and a current ratio of 1.09. The company’s fifty day moving average price is $3.31 and its 200 day moving average price is $12.29. 22nd Century Group has a 1 year low of $1.68 and a 1 year high of $581.85.

Institutional Trading of 22nd Century Group

An institutional investor recently bought a new position in 22nd Century Group stock. Anson Funds Management LP purchased a new stake in 22nd Century Group, Inc. (NASDAQ:XXII) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,140,452 shares of the biotechnology company’s stock, valued at approximately $691,000. Anson Funds Management LP owned 6.77% of 22nd Century Group as of its most recent filing with the SEC. 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.