Arcadia Biosciences (NASDAQ:RKDA) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Arcadia Biosciences, Inc. (NASDAQ:RKDA)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $3.81 and traded as low as $3.59. Arcadia Biosciences shares last traded at $3.6190, with a volume of 5,250 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Arcadia Biosciences in a research report on Monday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Arcadia Biosciences Stock Performance

The stock has a 50 day moving average of $3.81 and a 200 day moving average of $4.11. The stock has a market capitalization of $4.96 million, a P/E ratio of 1.42 and a beta of 0.48.

Arcadia Biosciences (NASDAQ:RKDA) last released its quarterly earnings data on Friday, November 7th. The basic materials company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.54) by $1.16. The business had revenue of $1.30 million for the quarter, compared to analysts’ expectations of $1.90 million. Arcadia Biosciences had a negative net margin of 97.97% and a negative return on equity of 8.80%.

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.