22nd Century Group Inc (NYSEAMERICAN:XXII) was down 9.2% during mid-day trading on Thursday . The stock traded as low as $2.74 and last traded at $2.76. Approximately 3,503,119 shares traded hands during trading, an increase of 39% from the average daily volume of 2,528,754 shares. The stock had previously closed at $3.04.
Separately, Zacks Investment Research cut shares of 22nd Century Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 16th.
22nd Century Group (NYSEAMERICAN:XXII) last released its quarterly earnings results on Tuesday, August 7th. The biotechnology company reported ($0.05) earnings per share (EPS) for the quarter. 22nd Century Group had a negative return on equity of 50.30% and a negative net margin of 73.20%. The firm had revenue of $6.92 million for the quarter.
About 22nd Century Group (NYSEAMERICAN:XXII)
22nd Century Group, Inc, a plant biotechnology company, provides technology that allows increasing or decreasing the level of nicotine and other nicotinic alkaloids in tobacco plants, and cannabinoids in hemp/cannabis plants through genetic engineering and plant breeding. It offers premium cigarettes under the RED SUN and MAGIC brands; and SPECTRUM, a line of research cigarettes for use in independent clinical studies.
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