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

Posted by ABMN Staff on Nov 25th, 2024

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

22nd Century Group Trading Down 4.9 %

Shares of XXII stock opened at $0.09 on Monday. The company has a 50-day moving average of $0.15 and a two-hundred day moving average of $0.55. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.09 and a quick ratio of 0.93. 22nd Century Group has a 1-year low of $0.08 and a 1-year high of $5.28. The firm has a market cap of $4.36 million, a PE ratio of 0.00 and a beta of 1.45.

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

Institutional Trading of 22nd Century Group

A hedge fund recently bought a new stake in 22nd Century Group stock. Anson Funds Management LP purchased a new position in shares of 22nd Century Group, Inc. (NASDAQ:XXII – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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. 18.06% of the stock is owned by institutional investors.

About 22nd Century Group

(Get Free Report)

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.