StockNews.com began coverage on shares of RiceBran Technologies (NASDAQ:RIBT – Get Rating) in a report published on Saturday morning. The firm issued a sell rating on the stock.
RiceBran Technologies Stock Up 3.3 %
RiceBran Technologies stock opened at $0.31 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.06 and a current ratio of 1.29. The business's 50-day simple moving average is $0.57 and its two-hundred day simple moving average is $0.48. The company has a market cap of $16.22 million, a PE ratio of -1.41 and a beta of 0.45. RiceBran Technologies has a fifty-two week low of $0.27 and a fifty-two week high of $1.03.
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RiceBran Technologies (NASDAQ:RIBT – Get Rating) last posted its quarterly earnings results on Thursday, April 28th. The company reported ($0.03) earnings per share for the quarter. RiceBran Technologies had a negative net margin of 33.42% and a negative return on equity of 36.82%. The firm had revenue of $10.56 million for the quarter.
Insider Transactions at RiceBran Technologies
In other news, major shareholder Grain Co Continental sold 88,820 shares of the company's stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $0.47, for a total value of $41,745.40. Following the sale, the insider now owns 9,117,414 shares in the company, valued at $4,285,184.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 2,823,554 shares of company stock worth $1,586,160 over the last quarter. 3.81% of the stock is currently owned by insiders.
Institutional Trading of RiceBran Technologies
A number of hedge funds have recently modified their holdings of the stock. State Street Corp acquired a new position in RiceBran Technologies in the 1st quarter worth about $69,000. FNY Investment Advisers LLC acquired a new position in RiceBran Technologies in the 2nd quarter worth about $71,000. Finally, Arnhold LLC raised its holdings in RiceBran Technologies by 23.1% in the 1st quarter. Arnhold LLC now owns 240,000 shares of the company's stock worth $108,000 after purchasing an additional 45,000 shares during the period. Hedge funds and other institutional investors own 28.60% of the company's stock.
About RiceBran Technologies
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RiceBran Technologies, together with its subsidiaries, operates as a specialty ingredient company. It focuses on producing, processing, and marketing of value-added healthy, natural, and nutrient dense products derived from rice and other small grains. The company converts raw rice bran into stabilized rice bran (SRB) and high value derivative products, including RiBalance, a complete rice bran nutritional package derived from further processing of SRB; RiSolubles, a nutritious carbohydrate and lipid rich fraction of RiBalance; RiFiber, a protein and fiber rich insoluble derivative of RiBalance; and ProRyza products, which includes derivatives composed of protein and protein/fiber blends.
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