22nd Century Group (NASDAQ:XXII) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of 22nd Century Group (NASDAQ:XXII) in a research note issued to investors on Sunday. The firm set a “sell” rating on the biotechnology company’s stock.

22nd Century Group Stock Performance

XXII opened at $0.10 on Friday. 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 has a market capitalization of $4.64 million, a price-to-earnings ratio of 0.00 and a beta of 1.50. The company has a fifty day moving average of $0.14 and a 200 day moving average of $0.50. 22nd Century Group has a fifty-two week low of $0.08 and a fifty-two week high of $4.31.

22nd Century Group (NASDAQ:XXII) last released its quarterly earnings data on Tuesday, November 12th. The biotechnology company reported ($0.54) 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 company had revenue of $5.95 million for the quarter.

Institutional Inflows and Outflows

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) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,140,452 shares of the biotechnology company’s stock, valued at approximately $691,000. Anson Funds Management LP owned approximately 6.77% of 22nd Century Group at the end of the most recent quarter. 18.06% of the stock is currently owned by institutional investors and hedge funds.

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.