Equities research analysts at StockNews.com initiated coverage on shares of 22nd Century Group (NASDAQ:XXII – Get Free Report) in a research note issued on Thursday. The firm set a “sell” rating on the biotechnology company’s stock.
22nd Century Group Price Performance
Shares of XXII opened at $0.23 on Thursday. The company has a 50-day moving average of $0.48 and a two-hundred day moving average of $4.27. The stock has a market cap of $1.89 million, a price-to-earnings ratio of 0.00 and a beta of 1.41. 22nd Century Group has a one year low of $0.22 and a one year high of $16.00.
22nd Century Group (NASDAQ:XXII – Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The biotechnology company reported ($0.36) earnings per share for the quarter. The business had revenue of $7.95 million for the quarter. 22nd Century Group had a negative net margin of 275.12% and a negative return on equity of 380.39%.
Institutional Inflows and Outflows
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.
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