Arcadia Biosciences (NASDAQ:RKDA) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Arcadia Biosciences, Inc. (NASDAQ:RKDA) shares 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 trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Arcadia Biosciences in a research report on Friday. They issued a “sell” rating for the company.

Arcadia Biosciences Trading Down 21.0 %

The stock has a market capitalization of $6.33 million, a P/E ratio of -1.08 and a beta of 0.90. The business has a 50-day moving average price of $4.68 and a two-hundred day moving average price of $3.60.

About Arcadia Biosciences

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.