RiceBran Technologies (NASDAQ:RIBT) Receives Consensus Rating of “Hold” from Brokerages

RiceBran Technologies (NASDAQ:RIBT) has been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Zacks has also given RiceBran Technologies an industry rank of 214 out of 256 based on the ratings given to related companies.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Continental Grain Co. increased its position in RiceBran Technologies by 11.9% in the 1st quarter. Continental Grain Co. now owns 6,279,702 shares of the company’s stock valued at $23,361,000 after acquiring an additional 666,667 shares during the period. Dimensional Fund Advisors LP increased its position in RiceBran Technologies by 33.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 160,555 shares of the company’s stock valued at $482,000 after acquiring an additional 40,215 shares during the period. Wedbush Securities Inc. acquired a new stake in RiceBran Technologies in the 1st quarter valued at approximately $372,000. Deutsche Bank AG increased its position in RiceBran Technologies by 393.1% in the 4th quarter. Deutsche Bank AG now owns 35,500 shares of the company’s stock valued at $106,000 after acquiring an additional 28,300 shares during the period. Finally, Creative Planning acquired a new stake in RiceBran Technologies in the 1st quarter valued at approximately $41,000. Hedge funds and other institutional investors own 29.86% of the company’s stock.

NASDAQ:RIBT traded down $0.03 during trading hours on Tuesday, reaching $2.90. 1,950 shares of the stock were exchanged, compared to its average volume of 37,508. The company has a quick ratio of 4.00, a current ratio of 4.22 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $2.90. RiceBran Technologies has a 52 week low of $1.80 and a 52 week high of $3.87.

RiceBran Technologies (NASDAQ:RIBT) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The company had revenue of $6.36 million during the quarter. RiceBran Technologies had a negative return on equity of 38.80% and a negative net margin of 53.57%.

RiceBran Technologies Company Profile

RiceBran Technologies processes and markets healthy, natural, and nutrient dense products derived from raw rice bran. The company manufactures and distributes stabilized rice bran (SRB) in various granulations with other products and derivatives. It offers RiBalance, a 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 derivative of RiBalance; and protein and protein/fiber blends under the ProRyza brand.

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