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

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

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

22nd Century Group Stock Down 17.6 %

Shares of NASDAQ:XXII traded down $1.09 during trading on Friday, hitting $5.10. 725,887 shares of the company’s stock traded hands, compared to its average volume of 195,112. The company has a 50-day moving average price of $9.05 and a 200-day moving average price of $39.13. 22nd Century Group has a 52 week low of $3.90 and a 52 week high of $581.85. 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 cap of $2.81 million, a price-to-earnings ratio of 0.00 and a beta of 1.59.

22nd Century Group (NASDAQ:XXII) last announced its earnings results on Tuesday, November 12th. The biotechnology company reported ($72.90) earnings per share (EPS) for the quarter. The company had revenue of $5.95 million during 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 bought a new position in 22nd Century Group, Inc. (NASDAQ:XXII) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 at the end of the most recent quarter. 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.