StockNews.com Begins Coverage on 22nd Century Group (NASDAQ:XXII)

StockNews.com began coverage on shares of 22nd Century Group (NASDAQ:XXII) in a report issued on Monday morning. The brokerage issued a sell rating on the biotechnology company’s stock.

22nd Century Group Stock Performance

Shares of XXII opened at $0.10 on Monday. The stock has a market capitalization of $4.80 million, a price-to-earnings ratio of 0.00 and a beta of 1.45. 22nd Century Group has a 12 month low of $0.08 and a 12 month high of $5.28. The firm has a fifty day simple moving average of $0.14 and a 200 day simple moving average of $0.53. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 1.59.

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

Institutional Trading of 22nd Century Group

An institutional investor recently bought a new position in 22nd Century Group stock. Anson Funds Management LP purchased a new stake in 22nd Century Group, Inc. (NASDAQ:XXII) during the third quarter, according to the company in its most recent filing with the Securities and 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 about 6.77% of 22nd Century Group as of its most recent filing with the Securities and Exchange Commission. 18.06% of the stock is currently owned by hedge funds and other institutional investors.

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.