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

Investment analysts at StockNews.com assumed coverage on shares of Arcadia Biosciences (NASDAQ:RKDA) in a report issued on Monday. The firm set a “sell” rating on the basic materials company’s stock.

Arcadia Biosciences Stock Performance

RKDA stock opened at $4.85 on Monday. The stock has a 50-day simple moving average of $5.24 and a 200-day simple moving average of $3.85. The firm has a market cap of $6.60 million, a P/E ratio of -1.13 and a beta of 0.88. Arcadia Biosciences has a 1 year low of $1.85 and a 1 year high of $10.31.

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.