22nd Century Group (NASDAQ:XXII) Rating Lowered to “Sell” at StockNews.com

22nd Century Group (NASDAQ:XXII) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

22nd Century Group Trading Down 9.1 %

Shares of XXII opened at $5.31 on Tuesday. 22nd Century Group has a fifty-two week low of $3.90 and a fifty-two week high of $581.85. The business has a 50-day moving average of $11.01 and a 200 day moving average of $46.16. The firm has a market cap of $2.94 million, a P/E ratio of -0.24 and a beta of 1.50. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.93 and a current ratio of 1.09.

22nd Century Group (NASDAQ:XXII) last issued its earnings results on Tuesday, November 12th. The biotechnology company reported ($72.90) earnings per share for the quarter. The business 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%.

Hedge Funds Weigh In On 22nd Century Group

An institutional investor recently bought a new position in 22nd Century Group stock. Anson Funds Management LP acquired a new position in shares of 22nd Century Group, Inc. (NASDAQ:XXII) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 as of its most recent filing with the Securities and Exchange Commission. 18.06% of the stock is currently 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.