RiceBran Technologies (NASDAQ:RIBT) Earns Sell Rating from Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of RiceBran Technologies (NASDAQ:RIBT) in a research report issued to clients and investors on Tuesday. The firm set a “sell” rating on the stock.

RiceBran Technologies Price Performance

NASDAQ RIBT opened at $0.16 on Tuesday. The stock’s fifty day moving average price is $0.17 and its 200 day moving average price is $0.22. RiceBran Technologies has a 1 year low of $0.07 and a 1 year high of $1.17. The company has a market cap of $1.60 million, a price-to-earnings ratio of -0.07 and a beta of 0.47.

Institutional Investors Weigh In On RiceBran Technologies

A number of institutional investors have recently modified their holdings of the business. UBS Group AG grew its position in shares of RiceBran Technologies by 1,828.1% during the 2nd quarter. UBS Group AG now owns 38,561 shares of the company’s stock valued at $26,000 after acquiring an additional 36,561 shares during the period. Jane Street Group LLC grew 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 during the period. Virtu Financial LLC acquired a new stake in shares of RiceBran Technologies during the 4th quarter valued at about $32,000. LPL Financial LLC acquired a new stake in shares of RiceBran Technologies during the 4th quarter valued at about $43,000. Finally, State Street Corp purchased a new position in RiceBran Technologies in the 1st quarter valued at about $69,000. 2.48% of the stock is currently owned by institutional investors and hedge funds.

RiceBran Technologies Company Profile

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.