Arcadia Biosciences Inc (NASDAQ:RKDA) shares rose 0.2% during trading on Thursday . The stock traded as high as $5.76 and last traded at $5.27. Approximately 1,200 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 412,485 shares. The stock had previously closed at $5.28.

Several research analysts recently weighed in on the company. HC Wainwright set a $20.00 target price on Arcadia Biosciences and gave the stock a “buy” rating in a research note on Thursday, July 19th. Zacks Investment Research upgraded Arcadia Biosciences from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, ValuEngine upgraded Arcadia Biosciences from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd.

The company has a market capitalization of $23.34 million, a price-to-earnings ratio of -0.72 and a beta of -5.58.

Arcadia Biosciences (NASDAQ:RKDA) last announced its earnings results on Friday, August 10th. The basic materials company reported ($2.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.29) by ($0.73). Arcadia Biosciences had a negative return on equity of 360.93% and a negative net margin of 928.72%. The business had revenue of $0.44 million for the quarter, compared to analysts’ expectations of $0.20 million. Research analysts expect that Arcadia Biosciences Inc will post -8.28 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Arcadia Biosciences stock. Ardsley Advisory Partners bought a new position in shares of Arcadia Biosciences Inc (NASDAQ:RKDA) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 25,000 shares of the basic materials company’s stock, valued at approximately $206,000. Ardsley Advisory Partners owned about 1.01% of Arcadia Biosciences at the end of the most recent reporting period. 8.10% of the stock is currently owned by institutional investors.

Arcadia Biosciences Company Profile (NASDAQ:RKDA)

Arcadia Biosciences, Inc, an agricultural food ingredient company, develops and commercializes health and nutrition ingredient traits worldwide. The company offers a suite of agricultural productivity traits, including nitrogen use efficiency, water use efficiency and drought tolerance, salinity tolerance, and herbicide tolerance traits.

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