StockNews.com initiated coverage on shares of RiceBran Technologies (NASDAQ:RIBT – Free Report) in a research report sent to investors on Sunday. The brokerage issued a sell rating on the stock.
RiceBran Technologies Stock Up 55.6 %
Shares of NASDAQ:RIBT opened at $0.14 on Friday. The firm’s 50 day simple moving average is $0.13 and its two-hundred day simple moving average is $0.15. RiceBran Technologies has a 1-year low of $0.06 and a 1-year high of $0.99.
RiceBran Technologies (NASDAQ:RIBT – Get Free Report) last issued its earnings results on Monday, May 13th. The company reported ($0.15) earnings per share for the quarter. The firm had revenue of $2.12 million during the quarter. RiceBran Technologies had a negative return on equity of 470.52% and a negative net margin of 76.22%.
About RiceBran Technologies
RiceBran Technologies, together with its subsidiaries, operates as a specialty ingredient company in the United States and internationally. The company focuses on development, production, and marketing of products derived from traditional and ancient small grains. It also produces products utilizing proprietary processes to deliver improved nutrition, ease of use, and extended shelf-life, while addressing consumer demand for all natural, non-GMO, and organic products.
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