StockNews.com initiated coverage on shares of 22nd Century Group (NASDAQ:XXII – Free Report) in a research note published on Monday morning. The brokerage issued a sell rating on the biotechnology company’s stock.
22nd Century Group Stock Performance
22nd Century Group stock opened at $0.16 on Monday. The company’s fifty day moving average price is $0.36 and its 200 day moving average price is $1.30. 22nd Century Group has a 1 year low of $0.14 and a 1 year high of $9.88. The stock has a market capitalization of $1.31 million, a P/E ratio of 0.00 and a beta of 1.39.
22nd Century Group (NASDAQ:XXII – Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The biotechnology company reported ($0.36) earnings per share for the quarter. The firm had revenue of $7.95 million during 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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