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

Arcadia Biosciences, Inc. (NASDAQ:RKDAGet Free Report) 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.

Analysts Set New Price Targets

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

View Our Latest Stock Report on RKDA

Arcadia Biosciences Price Performance

The business has a 50 day moving average of $4.68 and a 200 day moving average of $3.60. The firm has a market capitalization of $6.83 million, a price-to-earnings ratio of -1.17 and a beta of 0.90.

About Arcadia Biosciences

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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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