Equities researchers at StockNews.com started coverage on shares of RiceBran Technologies (NASDAQ:RIBT – Get Rating) in a research report issued on Thursday. The firm set a “sell” rating on the stock.
RiceBran Technologies Trading Up 2.2 %
Shares of RiceBran Technologies stock opened at $0.95 on Thursday. The business has a fifty day simple moving average of $1.07 and a 200-day simple moving average of $1.16. RiceBran Technologies has a fifty-two week low of $0.65 and a fifty-two week high of $9.00. The firm has a market cap of $6.00 million, a price-to-earnings ratio of -0.65 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.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. UBS Group AG grew its holdings in shares of RiceBran Technologies by 1,828.1% in the 2nd quarter. UBS Group AG now owns 38,561 shares of the company’s stock worth $26,000 after acquiring an additional 36,561 shares during the last quarter. Virtu Financial LLC acquired a new stake in RiceBran Technologies during the 4th quarter worth about $32,000. LPL Financial LLC purchased a new stake in RiceBran Technologies during the fourth quarter valued at about $43,000. Jane Street Group LLC boosted 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 buying an additional 37,014 shares during the period. Finally, State Street Corp purchased a new position in shares of RiceBran Technologies in the first quarter worth approximately $69,000. Institutional investors and hedge funds own 6.00% of the company’s stock.
About RiceBran Technologies
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.
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