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

22nd Century Group (NASDAQ:XXII) was upgraded by equities researchers at StockNews.com to a “sell” rating in a report issued on Thursday.

22nd Century Group Trading Down 1.2 %

Shares of 22nd Century Group stock opened at $1.24 on Thursday. 22nd Century Group has a 1-year low of $1.23 and a 1-year high of $164.40. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.54 and a quick ratio of 0.43. The stock has a market cap of $10.24 million, a P/E ratio of -0.01 and a beta of 1.50. The stock’s 50 day simple moving average is $8.52 and its 200-day simple moving average is $36.52.

Institutional Trading of 22nd Century Group

An institutional investor recently raised its position in 22nd Century Group stock. Anson Funds Management LP increased its position in shares of 22nd Century Group, Inc. (NASDAQ:XXII) by 106.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,577,814 shares of the biotechnology company’s stock after purchasing an additional 3,399,323 shares during the period. Anson Funds Management LP owned 83.28% of 22nd Century Group worth $789,000 at the end of the most recent quarter. 18.06% of the stock is currently owned by 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.