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

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

Arcadia Biosciences Stock Performance

Shares of NASDAQ RKDA opened at $5.11 on Friday. The firm’s 50 day moving average price is $5.01 and its 200-day moving average price is $3.78. The company has a market cap of $6.95 million, a PE ratio of -1.19 and a beta of 0.90. 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.