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

Weiss Ratings reissued their sell (e+) rating on shares of 22nd Century Group (NASDAQ:XXII) in a research report released on Saturday,Weiss Ratings reports.

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

22nd Century Group Price Performance

XXII traded down $1.09 on Friday, reaching $5.10. The stock had a trading volume of 725,887 shares, compared to its average volume of 195,112. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $2.81 million, a price-to-earnings ratio of 0.00 and a beta of 1.59. 22nd Century Group has a fifty-two week low of $3.90 and a fifty-two week high of $581.85. The firm has a 50-day moving average of $9.05 and a 200-day moving average of $39.13.

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

Institutional Inflows and Outflows

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