Zacks: 22nd Century Group Inc (XXII) Receives Average Rating of “Strong Buy” from Brokerages
22nd Century Group Inc (NYSE:XXII) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus price objective of $3.50 for the company, according to Zacks. Zacks has also assigned 22nd Century Group an industry rank of 96 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded shares of 22nd Century Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th.
In related news, VP Michael Robert Moynihan sold 29,532 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $2.00, for a total value of $59,064.00. Following the transaction, the vice president now directly owns 917,220 shares in the company, valued at $1,834,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
A hedge fund recently raised its stake in 22nd Century Group stock. National Asset Management Inc. raised its stake in shares of 22nd Century Group Inc (NYSE:XXII) by 13.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 172,000 shares of the biotechnology company’s stock after buying an additional 20,700 shares during the period. National Asset Management Inc. owned approximately 0.19% of 22nd Century Group worth $204,000 as of its most recent SEC filing.
Shares of 22nd Century Group (NYSE XXII) remained flat at $2.47 during mid-day trading on Monday. 21,551,927 shares of the company’s stock were exchanged. 22nd Century Group has a 52 week low of $0.81 and a 52 week high of $2.84. The company’s 50-day moving average price is $1.69 and its 200-day moving average price is $1.31. The company’s market capitalization is $224.51 million.
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About 22nd Century Group
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