StockNews.com Initiates Coverage on RiceBran Technologies (NASDAQ:RIBT)

Stock analysts at StockNews.com initiated coverage on shares of RiceBran Technologies (NASDAQ:RIBT – Get Rating) in a research report issued on Wednesday. The brokerage set a “sell” rating on the stock.

RiceBran Technologies Stock Up 1.0 %

NASDAQ:RIBT opened at $0.87 on Wednesday. The business’s fifty day moving average price is $0.93 and its 200 day moving average price is $1.01. The firm has a market capitalization of $5.56 million, a price-to-earnings ratio of -0.59 and a beta of 0.37. The company has a current ratio of 0.85, a quick ratio of 0.64 and a debt-to-equity ratio of 0.15. RiceBran Technologies has a 1-year low of $0.65 and a 1-year high of $9.00.

RiceBran Technologies (NASDAQ:RIBT – Get Rating) last issued its earnings results on Thursday, March 16th. The company reported ($0.28) earnings per share for the quarter. RiceBran Technologies had a negative net margin of 20.75% and a negative return on equity of 64.67%. The business had revenue of $10.62 million during the quarter.

Institutional Trading of RiceBran Technologies

Several hedge funds and other institutional investors have recently modified their holdings of RIBT. UBS Group AG grew its stake in RiceBran Technologies by 1,828.1% in the second quarter. UBS Group AG now owns 38,561 shares of the company’s stock valued at $26,000 after purchasing an additional 36,561 shares in the last quarter. Jane Street Group LLC increased its holdings in RiceBran Technologies by 112.9% in the second quarter. Jane Street Group LLC now owns 69,811 shares of the company’s stock worth $47,000 after buying an additional 37,014 shares during the last quarter. Virtu Financial LLC acquired a new position in RiceBran Technologies in the fourth quarter worth approximately $32,000. LPL Financial LLC bought a new position in RiceBran Technologies during the fourth quarter valued at approximately $43,000. Finally, State Street Corp acquired a new stake in RiceBran Technologies in the first quarter valued at approximately $69,000. 6.00% of the stock is currently owned by hedge funds and other institutional investors.

About RiceBran Technologies

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RiceBran Technologies engages in rice milling for producing, processing, and marketing of natural and nutrient dense products derived from grains. It also offers include organic, conventional, and grain products. The company was founded on March 18, 1998 and is headquartered in Tomball, TX.