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

StockNews.com started coverage on shares of Arcadia Biosciences (NASDAQ:RKDA) in a research note released on Sunday morning. The firm issued a sell rating on the basic materials company’s stock.

Separately, HC Wainwright restated a “buy” rating and set a $6.00 price target on shares of Arcadia Biosciences in a research note on Wednesday, August 21st.

Arcadia Biosciences Stock Performance

Shares of RKDA stock opened at $2.65 on Friday. The firm’s 50 day moving average is $3.32 and its 200 day moving average is $3.07. Arcadia Biosciences has a 12-month low of $1.85 and a 12-month high of $5.34.

Arcadia Biosciences Company Profile

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.