RiceBran Technologies (NASDAQ:RIBT) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of RiceBran Technologies (NASDAQ:RIBTGet Rating) in a report released on Monday morning. The firm issued a sell rating on the stock.

Shares of RIBT opened at $0.54 on Monday. RiceBran Technologies has a twelve month low of $0.27 and a twelve month high of $1.83. The firm’s fifty day simple moving average is $0.40 and its 200-day simple moving average is $0.43. The firm has a market capitalization of $27.98 million, a price-to-earnings ratio of -3.00 and a beta of 0.57. The company has a current ratio of 1.44, a quick ratio of 1.18 and a debt-to-equity ratio of 0.08.

RiceBran Technologies (NASDAQ:RIBTGet Rating) last announced its quarterly earnings results on Thursday, March 17th. The company reported ($0.03) EPS for the quarter. RiceBran Technologies had a negative return on equity of 24.43% and a negative net margin of 28.75%. The company had revenue of $8.04 million for the quarter.

In related news, major shareholder Grain Co Continental sold 300,000 shares of RiceBran Technologies stock in a transaction on Monday, March 28th. The shares were sold at an average price of $0.49, for a total transaction of $147,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 1,092,893 shares of company stock worth $534,863 over the last quarter. 3.32% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of RIBT. Hudson Bay Capital Management LP acquired a new position in RiceBran Technologies in the third quarter valued at $590,000. Millennium Management LLC boosted its holdings in shares of RiceBran Technologies by 365.6% in the second quarter. Millennium Management LLC now owns 109,665 shares of the company’s stock valued at $124,000 after acquiring an additional 86,113 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in shares of RiceBran Technologies by 55.5% in the third quarter. Two Sigma Advisers LP now owns 213,700 shares of the company’s stock valued at $126,000 after acquiring an additional 76,300 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of RiceBran Technologies by 53.1% in the third quarter. BlackRock Inc. now owns 93,043 shares of the company’s stock valued at $55,000 after acquiring an additional 32,258 shares in the last quarter. Institutional investors own 34.82% of the company’s stock.

About RiceBran Technologies (Get Rating)

RiceBran Technologies, together with its subsidiaries, operates as a specialty ingredient company. It focuses on producing, processing, and marketing of value-added processing and marketing of healthy, natural, and nutrient dense products derived from rice and other small grains, and by-products created in the milling of these grains.

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