Shares of 22nd Century Group Inc (NYSE:XXII) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokers have set a one year consensus price target 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 lowered shares of 22nd Century Group from a “buy” rating to a “sell” rating in a report on Wednesday, May 24th.

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22nd Century Group (NYSE:XXII) traded up 24.75% during midday trading on Wednesday, reaching $2.47. 14,769,628 shares of the company traded hands. 22nd Century Group has a 12 month low of $0.81 and a 12 month high of $2.54. The company’s 50-day moving average price is $1.69 and its 200 day moving average price is $1.31. The firm’s market capitalization is $224.51 million.

In other news, VP Michael Robert Moynihan sold 29,532 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $2.00, for a total transaction of $59,064.00. Following the transaction, the vice president now directly owns 917,220 shares in the company, valued at approximately $1,834,440. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

An institutional investor recently raised its position in 22nd Century Group stock. National Asset Management Inc. increased its stake in 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 (SEC). The institutional investor 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 filing with the SEC.

22nd Century Group Company Profile

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