RiceBran Technologies (NASDAQ:RIBT) Share Price Passes Below Two Hundred Day Moving Average of $1.74

RiceBran Technologies logoRiceBran Technologies (NASDAQ:RIBT – Get Rating)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.74 and traded as low as $0.96. RiceBran Technologies shares last traded at $1.00, with a volume of 31,192 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of RiceBran Technologies in a research report on Wednesday. They set a “sell” rating for the company.

RiceBran Technologies Trading Up 1.2 %

The company has a market cap of $6.31 million, a price-to-earnings ratio of -0.46 and a beta of 0.26. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 0.05. The firm’s 50-day moving average price is $0.94 and its 200-day moving average price is $1.74.

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RiceBran Technologies (NASDAQ:RIBT – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported ($0.38) EPS for the quarter. The company had revenue of $10.25 million for the quarter. RiceBran Technologies had a negative return on equity of 50.85% and a negative net margin of 29.67%.

Hedge Funds Weigh In On Rice Bran Technologies

A number of large investors have recently modified their holdings of RIBT. UBS Group AG lifted its holdings in shares of Rice Bran 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 purchasing an additional 36,561 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of RiceBran Technologies by 112.9% in the 2nd 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 in the last quarter. State Street Corp bought a new position in shares of RiceBran Technologies in the 1st quarter worth $69,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of RiceBran Technologies by 54.2% in the 2nd quarter. Renaissance Technologies LLC now owns 528,064 shares of the company’s stock worth $354,000 after purchasing an additional 185,700 shares in the last quarter. 6.00% of the stock is currently owned by institutional investors.

About RiceBran Technologies

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RiceBran Technologies is a specialty ingredient company, which engages in the production of healthy, natural, and nutrient dense products from rice, stabilized ricebran, oats, and barley. It offers organic, conventional, and grain products. The company was founded on March 18, 1998 and is headquartered in Tomball, TX.

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