StockNews.com Begins Coverage on Arcadia Biosciences (NASDAQ:RKDA)

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

Arcadia Biosciences Stock Up 4.4 %

Shares of NASDAQ RKDA opened at $6.36 on Thursday. The business has a 50-day moving average price of $4.61 and a 200 day moving average price of $3.53. The stock has a market cap of $8.68 million, a PE ratio of -1.49 and a beta of 1.19. Arcadia Biosciences has a 52-week low of $1.85 and a 52-week high of $10.31.

About Arcadia Biosciences

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.