Zacks: RiceBran Technologies (RIBT) Receives Consensus Rating of “Hold” from Analysts

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 stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Zacks has also assigned RiceBran Technologies an industry rank of 101 out of 256 based on the ratings given to related companies.

RIBT stock opened at $2.88 on Wednesday. RiceBran Technologies has a 12-month low of $1.54 and a 12-month high of $3.87. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.22 and a quick ratio of 1.68.

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

In related news, major shareholder Grain Co Continental bought 666,667 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were purchased at an average price of $3.00 per share, with a total value of $2,000,001.00. Following the purchase, the insider now owns 6,279,702 shares of the company’s stock, valued at approximately $18,839,106. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 10.18% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in RIBT. Dimensional Fund Advisors LP bought a new stake in shares of RiceBran Technologies during the 3rd quarter valued at about $345,000. Deutsche Bank AG boosted its stake in shares of RiceBran Technologies by 393.1% during the 4th quarter. Deutsche Bank AG now owns 35,500 shares of the company’s stock valued at $106,000 after purchasing an additional 28,300 shares in the last quarter. Wedbush Securities Inc. bought a new stake in shares of RiceBran Technologies during the 1st quarter valued at about $372,000. Creative Planning bought a new stake in shares of RiceBran Technologies during the 1st quarter valued at about $41,000. Finally, Northern Trust Corp boosted its stake in shares of RiceBran Technologies by 24.5% during the 1st quarter. Northern Trust Corp now owns 22,861 shares of the company’s stock valued at $85,000 after purchasing an additional 4,497 shares in the last quarter. 27.08% of the stock is currently owned by hedge funds and other institutional investors.

About RiceBran Technologies

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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