22nd Century Group’s (XXII) “Sell (E)” Rating Reiterated at Weiss Ratings

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

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

22nd Century Group Price Performance

NASDAQ XXII opened at $2.08 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.09 and a quick ratio of 0.93. 22nd Century Group has a 52-week low of $1.68 and a 52-week high of $581.85. The company has a 50 day simple moving average of $4.23 and a 200-day simple moving average of $16.09. The firm has a market capitalization of $3.57 million, a price-to-earnings ratio of 0.00 and a beta of 1.67.

Hedge Funds Weigh In On 22nd Century Group

An institutional investor recently bought a new position in 22nd Century Group stock. Anson Funds Management LP purchased a new stake in 22nd Century Group, Inc. (NASDAQ:XXII) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 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.

About 22nd Century Group

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.