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

22nd Century Group (NASDAQ:XXII)‘s stock had its “sell (e)” rating reaffirmed by analysts at Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of 22nd Century Group from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd.

22nd Century Group Stock Down 4.4%

Shares of XXII stock opened at $1.72 on Friday. 22nd Century Group has a 12 month low of $1.59 and a 12 month high of $1,086.75. The firm has a market cap of $6.51 million, a PE ratio of 0.00 and a beta of 1.81. The stock has a 50 day moving average of $2.84 and a 200-day moving average of $16.46.

22nd Century Group (NASDAQ:XXII) last announced its earnings results on Thursday, August 14th. The biotechnology company reported ($13.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($12.89). The company had revenue of $4.08 million for the quarter, compared to the consensus estimate of $5.44 million. 22nd Century Group had a negative return on equity of 344.13% and a negative net margin of 80.22%.

Hedge Funds Weigh In On 22nd Century Group

A hedge fund recently raised its stake in 22nd Century Group stock. Anson Funds Management LP increased its holdings in 22nd Century Group, Inc (NASDAQ:XXII) by 255.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 176,094 shares of the biotechnology company’s stock after purchasing an additional 126,536 shares during the period. Anson Funds Management LP owned approximately 7.47% of 22nd Century Group worth $254,000 at the end of the most recent quarter. 18.06% of the stock is currently owned by institutional investors.

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.