Anson Funds Management LP boosted its stake in 22nd Century Group, Inc (NASDAQ:XXII – Free 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:XXII – Get 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
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22nd Century Group Profile
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.
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