StockNews.com Initiates Coverage on Arcadia Biosciences (NASDAQ:RKDA)

StockNews.com initiated coverage on shares of Arcadia Biosciences (NASDAQ:RKDA) in a research note issued to investors on Monday. The brokerage issued a sell rating on the basic materials company’s stock.

Arcadia Biosciences Stock Up 0.2 %

Shares of NASDAQ RKDA opened at $4.86 on Monday. The firm has a 50-day simple moving average of $5.28 and a 200-day simple moving average of $3.86. The stock has a market capitalization of $6.61 million, a price-to-earnings ratio of -1.14 and a beta of 0.88. Arcadia Biosciences has a 52 week low of $1.85 and a 52 week high of $10.31.

Arcadia Biosciences Company Profile

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.