RiceBran Technologies (NASDAQ:RIBT) Now Covered by StockNews.com

Stock analysts at StockNews.com began coverage on shares of RiceBran Technologies (NASDAQ:RIBT – Get Rating) in a research report issued to clients and investors on Sunday. The firm set a “sell” rating on the stock.

RiceBran Technologies Stock Performance

Shares of RIBT stock opened at $1.06 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.64 and a current ratio of 0.85. The company has a market capitalization of $6.78 million, a P/E ratio of -0.72 and a beta of 0.38. The company’s 50 day moving average price is $0.94 and its two-hundred day moving average price is $0.97. RiceBran Technologies has a 52 week low of $0.65 and a 52 week high of $7.69.

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RiceBran Technologies (NASDAQ:RIBT – Get Rating) last announced its earnings results on Thursday, May 11th. The company reported ($0.31) EPS for the quarter. The company had revenue of $9.27 million for the quarter. RiceBran Technologies had a negative return on equity of 64.67% and a negative net margin of 20.75%.

Institutional Trading of RiceBran Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC raised 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 valued at $354,000 after purchasing an additional 185,700 shares during the last quarter. State Street Corp acquired a new stake in shares of RiceBran Technologies in the first quarter valued at approximately $69,000. Jane Street Group LLC grew its stake 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 valued at $47,000 after buying an additional 37,014 shares in the last quarter. LPL Financial LLC bought a new position in shares of RiceBran Technologies in the fourth quarter valued at $43,000. Finally, Virtu Financial LLC bought a new position in shares of RiceBran Technologies in the fourth quarter valued at $32,000. 3.37% of the stock is currently owned by institutional investors and hedge funds.

RiceBran Technologies Company Profile

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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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