Arcadia Biosciences (NASDAQ:RKDA) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Arcadia Biosciences (NASDAQ:RKDA) in a research note issued to investors on Saturday. The brokerage issued a sell rating on the basic materials company’s stock.

Arcadia Biosciences Stock Performance

Shares of RKDA stock opened at $5.01 on Friday. Arcadia Biosciences has a 1 year low of $1.85 and a 1 year high of $10.31. The business’s fifty day moving average is $4.81 and its 200-day moving average is $3.70. The stock has a market cap of $6.84 million, a PE ratio of -1.17 and a beta of 0.90.

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.