RiceBran Technologies (NASDAQ:RIBT – Get Rating) will be issuing its quarterly earnings data after the market closes on Thursday, August 11th. Parties interested in registering for the company's conference call can do so using this link.
RiceBran Technologies Price Performance
Shares of RIBT stock opened at $0.29 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.06 and a debt-to-equity ratio of 0.07. RiceBran Technologies has a 1 year low of $0.27 and a 1 year high of $1.00. The firm's fifty day moving average price is $0.55 and its two-hundred day moving average price is $0.48. The firm has a market capitalization of $15.23 million, a P/E ratio of -1.32 and a beta of 0.12.
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Insider Transactions at RiceBran Technologies
In other news, major shareholder Grain Co Continental sold 810,000 shares of the business's stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $0.55, for a total transaction of $445,500.00. Following the transaction, the insider now directly owns 6,597,414 shares in the company, valued at approximately $3,628,577.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 2,730,000 shares of company stock worth $1,542,000 in the last ninety days. Insiders own 3.81% of the company's stock.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in RiceBran Technologies stock. State Street Corp purchased a new stake in RiceBran Technologies (NASDAQ:RIBT – Get Rating) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 154,103 shares of the company's stock, valued at approximately $69,000. State Street Corp owned about 0.30% of RiceBran Technologies as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 28.60% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on shares of RiceBran Technologies in a research note on Saturday, July 30th. They issued a "sell" rating on the 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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