22nd Century Group (NASDAQ:XXII) Given Sell (E) Rating at Weiss Ratings

22nd Century Group (NASDAQ:XXII)‘s stock had its “sell (e)” rating restated by equities researchers at Weiss Ratings in a report released on Saturday,Weiss Ratings reports.

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

22nd Century Group Stock Down 2.4 %

Shares of XXII stock opened at $4.01 on Friday. The company has a market capitalization of $2.21 million, a price-to-earnings ratio of 0.00 and a beta of 1.57. 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 stock’s 50 day simple moving average is $7.22 and its 200 day simple moving average is $30.99. 22nd Century Group has a twelve month low of $3.80 and a twelve month high of $581.85.

22nd Century Group (NASDAQ:XXII) last posted its quarterly earnings data on Tuesday, November 12th. The biotechnology company reported ($72.90) earnings per share (EPS) for the quarter. The company had revenue of $5.95 million for the quarter.

Hedge Funds Weigh In On 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 22nd Century Group, Inc. (NASDAQ:XXII) during the 3rd quarter, according to its most recent 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 about 6.77% of 22nd Century Group at the end of the most recent reporting period. 18.06% of the stock is owned by hedge funds and other institutional investors.

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.