22nd Century Group (NASDAQ:XXII) Upgraded by StockNews.com to “Hold” Rating

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

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 22nd Century Group in a research note on Saturday, March 22nd.

22nd Century Group Trading Up 4.9 %

Shares of XXII stock opened at $1.51 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 1.59. The stock has a market cap of $3.58 million, a price-to-earnings ratio of 0.00 and a beta of 1.67. The company’s 50-day moving average price is $2.77 and its 200-day moving average price is $10.62. 22nd Century Group has a twelve month low of $1.32 and a twelve month high of $581.85.

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) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 quarter. Hedge funds and other 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.