RiceBran Technologies (NASDAQ:RIBT) Coverage Initiated at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of RiceBran Technologies (NASDAQ:RIBTGet Free Report) in a note issued to investors on Friday. The brokerage set a “sell” rating on the stock.

RiceBran Technologies Price Performance

RIBT stock opened at $0.19 on Friday. The firm has a 50 day moving average price of $0.16 and a 200-day moving average price of $0.28. RiceBran Technologies has a 52-week low of $0.07 and a 52-week high of $1.17. The firm has a market capitalization of $1.77 million, a price-to-earnings ratio of -0.08 and a beta of 0.46. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.36 and a current ratio of 0.41.

RiceBran Technologies (NASDAQ:RIBTGet Free Report) last announced its quarterly earnings results on Wednesday, December 20th. The company reported ($0.26) earnings per share for the quarter. The firm had revenue of $4.86 million for the quarter. RiceBran Technologies had a negative net margin of 51.01% and a negative return on equity of 122.53%.

Institutional Investors Weigh In On RiceBran Technologies

Several institutional investors and hedge funds have recently made changes to their positions in RIBT. UBS Group AG increased its position in shares of RiceBran Technologies by 1,828.1% during the second quarter. UBS Group AG now owns 38,561 shares of the company’s stock valued at $26,000 after acquiring an additional 36,561 shares in the last quarter. Virtu Financial LLC bought a new stake in RiceBran Technologies in the 4th quarter worth approximately $32,000. LPL Financial LLC bought a new stake in RiceBran Technologies in the 4th quarter worth approximately $43,000. Jane Street Group LLC grew its position in RiceBran Technologies by 112.9% in the 2nd quarter. Jane Street Group LLC now owns 69,811 shares of the company’s stock worth $47,000 after purchasing an additional 37,014 shares during the period. Finally, State Street Corp bought a new stake in shares of RiceBran Technologies during the 1st quarter valued at $69,000. Institutional investors own 3.52% of the company’s stock.

RiceBran Technologies Company Profile

(Get Free Report)

RiceBran Technologies, together with its subsidiaries, operates as a specialty ingredient company in the United States and internationally. It focuses on development, production, and marketing of products derived from rice and other small and ancient grains for the nutraceutical, healthy food, companion animal, and equine feed categories.

Further Reading

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