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

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

RiceBran Technologies Price Performance

Shares of RIBT stock opened at $0.19 on Tuesday. The company’s fifty day simple moving average is $0.16 and its two-hundred day simple moving average is $0.23. RiceBran Technologies has a 1 year low of $0.07 and a 1 year high of $1.17. The stock has a market capitalization of $1.85 million, a price-to-earnings ratio of -0.08 and a beta of 0.47.

Institutional Investors Weigh In On RiceBran Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new position in shares of RiceBran Technologies in the fourth quarter worth $32,000. LPL Financial LLC bought a new position in shares of RiceBran Technologies in the fourth quarter worth $43,000. Jane Street Group LLC increased its holdings in shares of 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 purchasing an additional 37,014 shares during the period. Renaissance Technologies LLC increased its holdings in shares of RiceBran Technologies by 54.2% in the second quarter. Renaissance Technologies LLC now owns 528,064 shares of the company’s stock worth $354,000 after purchasing an additional 185,700 shares during the period. Finally, UBS Group AG increased 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 worth $26,000 after purchasing an additional 36,561 shares during the period. Institutional investors own 2.48% of the company’s stock.

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.