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

Analysts at StockNews.com began coverage on shares of RiceBran Technologies (NASDAQ:RIBT – Get Rating) in a research note issued to investors on Tuesday. The firm set a “sell” rating on the stock.

RiceBran Technologies Trading Down 2.6 %

NASDAQ:RIBT opened at $0.88 on Tuesday. The company has a market capitalization of $5.64 million, a PE ratio of -0.60 and a beta of 0.37. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.13. RiceBran Technologies has a 52-week low of $0.65 and a 52-week high of $9.00. The stock has a fifty day simple moving average of $0.97 and a 200-day simple moving average of $1.03.

RiceBran Technologies (NASDAQ:RIBT – Get Rating) last announced 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 18.88% and a negative return on equity of 54.39%. The firm had revenue of $10.62 million during the quarter.

Institutional Investors Weigh In On RiceBran Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in shares of RiceBran Technologies by 54.2% during the 2nd quarter. Renaissance Technologies LLC now owns 528,064 shares of the company’s stock valued at $354,000 after acquiring an additional 185,700 shares in the last quarter. State Street Corp purchased a new stake in RiceBran Technologies in the 1st quarter worth about $69,000. Jane Street Group LLC lifted its stake 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 acquiring an additional 37,014 shares in the last quarter. LPL Financial LLC purchased a new stake in RiceBran Technologies in the 4th quarter worth about $43,000. Finally, Virtu Financial LLC purchased a new stake in shares of RiceBran Technologies during the 4th quarter worth about $32,000. 6.00% of the stock is owned by institutional investors and hedge funds.

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.