22nd Century Group (NASDAQ:XXII) Earns Sell Rating from Analysts at StockNews.com

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

22nd Century Group Stock Performance

Shares of XXII opened at $0.09 on Wednesday. The firm has a market capitalization of $4.27 million, a P/E ratio of 0.00 and a beta of 1.45. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.09 and a quick ratio of 0.67. 22nd Century Group has a one year low of $0.09 and a one year high of $5.69. The business has a fifty day moving average of $0.18 and a 200 day moving average of $0.61.

22nd Century Group (NASDAQ:XXII) last released its quarterly earnings results on Tuesday, November 12th. The biotechnology company reported ($0.54) earnings per share (EPS) for the quarter. 22nd Century Group had a negative net margin of 144.09% and a negative return on equity of 380.39%. The firm 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 bought a new position in shares of 22nd Century Group, Inc. (NASDAQ:XXII) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,140,452 shares of the biotechnology company’s stock, valued at approximately $691,000. Anson Funds Management LP owned 6.77% of 22nd Century Group at the end of the most recent quarter. 18.06% of the stock is owned by institutional investors and hedge funds.

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.