Arcadia Biosciences (NASDAQ:RKDA) Shares Cross Above Fifty Day Moving Average – Here’s Why

Arcadia Biosciences, Inc. (NASDAQ:RKDAGet Free Report)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.68 and traded as high as $5.87. Arcadia Biosciences shares last traded at $4.64, with a volume of 33,603 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Arcadia Biosciences in a research note on Friday. They set a “sell” rating on the stock.

View Our Latest Analysis on RKDA

Arcadia Biosciences Trading Up 7.8 %

The firm has a market cap of $6.83 million, a P/E ratio of -1.17 and a beta of 0.90. The company’s fifty day moving average price is $4.68 and its two-hundred day moving average price is $3.60.

Arcadia Biosciences Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Arcadia Biosciences Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arcadia Biosciences and related companies with MarketBeat.com's FREE daily email newsletter.