Arcadia Biosciences (NASDAQ:RKDA) Shares Cross Above 50 Day Moving Average – Time to Sell?

Arcadia Biosciences, Inc. (NASDAQ:RKDAGet Free Report)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $4.68 and traded as high as $5.87. Arcadia Biosciences shares last traded at $4.64, with a volume of 33,603 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Arcadia Biosciences in a research report on Friday. They issued a “sell” rating for the company.

View Our Latest Stock Report on Arcadia Biosciences

Arcadia Biosciences Trading Down 21.0 %

The firm has a market capitalization of $6.33 million, a P/E ratio of -1.08 and a beta of 0.90. The stock’s 50-day simple moving average is $4.68 and its 200-day simple moving average is $3.60.

About Arcadia Biosciences

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Arcadia Biosciences, Inc produces and markets plant-based food and beverage products in the United States. The company develops crop improvements primarily in wheat to enhance farm economics by improving the performance of crops in the field, as well as their value as food ingredients. Its food, beverage, and body case products include GoodWheat, Zola coconut water, ProVault topical pain relief, and SoulSpring.

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