Arcadia Biosciences (NASDAQ:RKDA) Shares Pass Above 50 Day Moving Average – Here’s Why

by · The Cerbat Gem

Arcadia Biosciences, Inc. (NASDAQ:RKDA – Get Free Report) shares crossed 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 report on Friday. They issued a “sell” rating for the company.

Read Our Latest Report on RKDA

Arcadia Biosciences Stock Up 7.8 %

The stock has a 50-day moving average of $4.68 and a 200 day moving average of $3.60. The company has a market capitalization of $6.83 million, a PE ratio of -1.17 and a beta of 0.90.

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.

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