Anson Funds Management LP Has $254,000 Stake in 22nd Century Group, Inc $XXII

Anson Funds Management LP boosted its stake in 22nd Century Group, Inc (NASDAQ:XXIIFree Report) by 255.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 about 7.47% of 22nd Century Group worth $254,000 at the end of the most recent reporting period.

22nd Century Group Stock Performance

XXII opened at $1.69 on Thursday. The stock has a market capitalization of $6.39 million, a P/E ratio of 0.00 and a beta of 1.81. The company’s 50-day simple moving average is $3.13 and its two-hundred day simple moving average is $18.00. 22nd Century Group, Inc has a 52-week low of $1.59 and a 52-week high of $1,571.13.

22nd Century Group (NASDAQ:XXIIGet Free Report) last posted its quarterly earnings data on Thursday, August 14th. The biotechnology company reported ($13.16) earnings per share 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 analysts’ expectations of $5.44 million. 22nd Century Group had a negative net margin of 80.22% and a negative return on equity of 344.13%.

Analyst Upgrades and Downgrades

XXII has been the subject of a number of recent research reports. Wall Street Zen lowered shares of 22nd Century Group from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of 22nd Century Group in a research report on Saturday, August 30th.

Check Out Our Latest Research Report on 22nd Century Group

22nd Century Group Profile

(Free Report)

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.

Recommended Stories

Receive News & Ratings for 22nd Century Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 22nd Century Group and related companies with MarketBeat.com's FREE daily email newsletter.