Investment analysts at StockNews.com assumed coverage on shares of RiceBran Technologies (NASDAQ:RIBT – Get Free Report) in a research note issued to investors on Tuesday. The brokerage set a “sell” rating on the stock.
RiceBran Technologies Stock Performance
RiceBran Technologies stock opened at $0.55 on Tuesday. RiceBran Technologies has a fifty-two week low of $0.47 and a fifty-two week high of $3.06. The firm’s 50 day simple moving average is $0.87 and its 200-day simple moving average is $0.95. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.51 and a quick ratio of 0.46. The company has a market cap of $3.65 million, a P/E ratio of -0.22 and a beta of 0.44.
Hedge Funds Weigh In On RiceBran Technologies
Several institutional investors and hedge funds have recently added to or reduced their stakes in RIBT. UBS Group AG lifted its holdings in shares of 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 raised its position in RiceBran Technologies by 112.9% during the second quarter. Jane Street Group LLC now owns 69,811 shares of the company’s stock valued at $47,000 after buying an additional 37,014 shares during the period. Virtu Financial LLC purchased a new stake in RiceBran Technologies in the 4th quarter worth about $32,000. LPL Financial LLC acquired a new stake in RiceBran Technologies during the 4th quarter worth about $43,000. Finally, State Street Corp acquired a new stake in RiceBran Technologies during the 1st quarter worth about $69,000. 3.52% of the stock is currently owned by hedge funds and other institutional investors.
RiceBran Technologies Company Profile
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.
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