22nd Century Group (NASDAQ:XXII) Upgraded by StockNews.com to Hold Rating

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

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of 22nd Century Group in a research report on Saturday, March 22nd.

22nd Century Group Price Performance

22nd Century Group stock traded up $0.07 during trading hours on Tuesday, hitting $1.51. 40,771 shares of the stock were exchanged, compared to its average volume of 253,371. 22nd Century Group has a 12 month low of $1.32 and a 12 month high of $581.85. The business’s 50-day moving average is $2.77 and its two-hundred day moving average is $10.62. 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 $3.58 million, a P/E ratio of 0.00 and a beta of 1.67.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in 22nd Century Group stock. Anson Funds Management LP bought a new stake in shares of 22nd Century Group, Inc. (NASDAQ:XXII) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 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 SEC. Institutional investors own 18.06% of the company’s stock.

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.