Equities researchers at StockNews.com assumed coverage on shares of RiceBran Technologies (NASDAQ:RIBT – Get Rating) in a research note issued to investors on Thursday. The firm sets a “sell” rating on the stock.
RiceBran Technologies Stock Up 2.2 %
NASDAQ RIBT opened at $0.95 on Thursday. RiceBran Technologies has a twelve month low of $0.65 and a twelve month high of $9.00. The stock has a market cap of $6.00 million, a PE ratio of -0.65 and a beta of 0.37. The firm has a 50-day simple moving average of $1.07 and a 200-day simple moving average of $1.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.76 and a current ratio of 0.97.
Institutional Trading of RiceBran Technologies
A number of institutional investors and hedge funds have recently modified their holdings of RIBT. Renaissance Technologies LLC boosted its stake in RiceBran Technologies by 54.2% during the second quarter. Renaissance Technologies LLC now owns 528,064 shares of the company’s stock worth $354,000 after buying an additional 185,700 shares in the last quarter. State Street Corp bought a new position in shares of RiceBran Technologies during the 1st quarter worth about $69,000. Jane Street Group LLC boosted its position in shares of RiceBran Technologies by 112.9% during the 2nd quarter. Jane Street Group LLC now owns 69,811 shares of the company’s stock valued at $47,000 after acquiring an additional 37,014 shares in the last quarter. LPL Financial LLC bought a new stake in RiceBran Technologies in the fourth quarter valued at about $43,000. Finally, Virtu Financial LLC bought a new stake in RiceBran Technologies in the fourth quarter valued at about $32,000. 6.00% of the stock is currently owned by institutional investors.
RiceBran Technologies Company Profile
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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