Arcadia Biosciences (RKDA) Stock Rating Lowered by ValuEngine

Arcadia Biosciences (NASDAQ:RKDA) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Other research analysts also recently issued reports about the company. HC Wainwright reaffirmed a “buy” rating and set a $20.00 target price on shares of Arcadia Biosciences in a research note on Wednesday, August 8th. Zacks Investment Research raised Arcadia Biosciences from a “sell” rating to a “hold” rating in a research note on Wednesday.

Shares of RKDA stock opened at $4.98 on Thursday. The company has a market cap of $23.34 million, a PE ratio of -0.72 and a beta of -5.58. Arcadia Biosciences has a 1-year low of $3.60 and a 1-year high of $66.56.

Arcadia Biosciences (NASDAQ:RKDA) last announced its earnings results on Friday, August 10th. The basic materials company reported ($2.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.29) by ($0.73). The business had revenue of $0.44 million for the quarter, compared to analyst estimates of $0.20 million. Arcadia Biosciences had a negative return on equity of 360.93% and a negative net margin of 928.72%. Research analysts anticipate that Arcadia Biosciences will post -8.28 earnings per share for the current year.

A hedge fund recently bought a new stake in Arcadia Biosciences stock. Ardsley Advisory Partners acquired a new stake in Arcadia Biosciences Inc (NASDAQ:RKDA) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 25,000 shares of the basic materials company’s stock, valued at approximately $206,000. Ardsley Advisory Partners owned about 1.01% of Arcadia Biosciences as of its most recent filing with the SEC. 8.10% of the stock is owned by institutional investors and hedge funds.

About Arcadia Biosciences

Arcadia Biosciences, Inc, an agricultural food ingredient company, develops and commercializes health and nutrition ingredient traits worldwide. The company offers a suite of agricultural productivity traits, including nitrogen use efficiency, water use efficiency and drought tolerance, salinity tolerance, and herbicide tolerance traits.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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