Arcadia Biosciences (NASDAQ:RKDA) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Arcadia Biosciences (NASDAQ:RKDA) in a report issued on Thursday. The brokerage set a “sell” rating on the basic materials company’s stock.

Arcadia Biosciences Trading Up 4.4 %

Arcadia Biosciences stock opened at $6.36 on Thursday. The stock has a 50 day moving average of $4.61 and a two-hundred day moving average of $3.53. Arcadia Biosciences has a twelve month low of $1.85 and a twelve month high of $10.31. The stock has a market capitalization of $8.68 million, a price-to-earnings ratio of -1.49 and a beta of 1.19.

Arcadia Biosciences Company Profile

Arcadia Biosciences, Inc produces and markets plant-based food and beverage products in the United States. The company develops crop improvements primarily in wheat to enhance farm economics by improving the performance of crops in the field, as well as their value as food ingredients. Its food, beverage, and body case products include GoodWheat, Zola coconut water, ProVault topical pain relief, and SoulSpring.