22nd Century Group (NASDAQ:XXII) Earns “Sell (E+)” Rating from Weiss Ratings

22nd Century Group (NASDAQ:XXII)‘s stock had its “sell (e+)” rating reissued by Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

Separately, StockNews.com lowered 22nd Century Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 31st.

22nd Century Group Trading Down 17.6 %

Shares of 22nd Century Group stock traded down $1.09 on Friday, reaching $5.10. The company had a trading volume of 725,887 shares, compared to its average volume of 195,112. The firm has a market cap of $2.81 million, a price-to-earnings ratio of 0.00 and a beta of 1.59. The firm’s 50-day moving average price is $9.05 and its two-hundred day moving average price is $39.13. 22nd Century Group has a 1 year low of $3.90 and a 1 year high of $581.85. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.09 and a quick ratio of 0.93.

22nd Century Group (NASDAQ:XXII) last announced its earnings results on Tuesday, November 12th. The biotechnology company reported ($72.90) earnings per share for the quarter. The firm had revenue of $5.95 million for the quarter.

Institutional Investors Weigh In On 22nd Century Group

A hedge fund recently bought a new stake in 22nd Century Group stock. Anson Funds Management LP purchased a new stake in shares of 22nd Century Group, Inc. (NASDAQ:XXII) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 Securities & Exchange Commission. 18.06% of the stock is owned by hedge funds and other institutional investors.

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.