22nd Century Group Inc (XXII) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of 22nd Century Group Inc (NYSE:XXII) from a hold rating to a buy rating in a research report released on Saturday morning. The firm currently has $1.25 target price on the stock.

According to Zacks, “22nd Century Group, Inc. is a plant biotechnology company focused on decreasing/increasing the level of nicotine in the tobacco plant through genetic engineering and breeding. The Company is focused on development of smoking cessation aid and owns and controls several patents. The company’s products include X-22, a prescription smoking cessation aid, which is a tobacco-based botanical medical product for use as a smoking cessation therapy. 22nd Century Group, Inc. is based in Williamsville, New York. “

Separately, Chardan Capital restated a buy rating and set a $3.50 target price on shares of 22nd Century Group in a report on Sunday, January 8th.

22nd Century Group (NYSE:XXII) opened at 1.03 on Friday. 22nd Century Group has a one year low of $0.72 and a one year high of $1.71. The stock has a 50 day moving average of $0.95 and a 200 day moving average of $1.07. The firm’s market capitalization is $93.42 million.

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A hedge fund recently raised its stake in 22nd Century Group stock. FNY Managed Accounts LLC raised its stake in shares of 22nd Century Group Inc (NYSE:XXII) by 68.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 175,403 shares of the company’s stock after buying an additional 71,100 shares during the period. FNY Managed Accounts LLC owned 0.21% of 22nd Century Group worth $254,000 as of its most recent filing with the SEC.

About 22nd Century Group

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