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

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

Arcadia Biosciences Price Performance

RKDA opened at $6.36 on Thursday. The company has a market capitalization of $8.68 million, a price-to-earnings ratio of -1.49 and a beta of 0.90. The business’s 50-day moving average price is $4.61 and its two-hundred day moving average price is $3.54. Arcadia Biosciences has a 1 year low of $1.85 and a 1 year 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.