RiceBran Technologies (NASDAQ:RIBT) Trading 10.9% Higher

RiceBran Technologies (NASDAQ:RIBT) traded up 10.9% during trading on Friday . The company traded as high as $2.84 and last traded at $2.65, 113,019 shares were traded during mid-day trading. An increase of 53% from the average session volume of 74,003 shares. The stock had previously closed at $2.39.

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 business’s 50 day simple moving average is $2.82 and its 200 day simple moving average is $3.09.

RiceBran Technologies (NASDAQ:RIBT) last issued its earnings results on Tuesday, August 13th. The company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.04). The firm had revenue of $6.22 million during the quarter. RiceBran Technologies had a negative net margin of 52.99% and a negative return on equity of 40.99%.

Several large investors have recently modified their holdings of RIBT. Continental Grain Co. boosted its holdings in shares of RiceBran Technologies by 16.0% in the second quarter. Continental Grain Co. now owns 7,283,046 shares of the company’s stock valued at $21,194,000 after acquiring an additional 1,003,344 shares in the last quarter. Wedbush Securities Inc. purchased a new stake in shares of RiceBran Technologies in the first quarter valued at about $372,000. BlackRock Inc. boosted its holdings in shares of RiceBran Technologies by 136.7% in the second quarter. BlackRock Inc. now owns 126,011 shares of the company’s stock valued at $367,000 after acquiring an additional 72,778 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of RiceBran Technologies by 33.4% in the fourth 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 in the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of RiceBran Technologies by 393.1% in the fourth 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 in the last quarter. 29.93% of the stock is currently owned by institutional investors and hedge funds.

RiceBran Technologies Company Profile (NASDAQ:RIBT)

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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