RiceBran Technologies (NASDAQ:RIBT) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

RiceBran Technologies (NASDAQ:RIBT) released its quarterly earnings data on Thursday. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01), Fidelity Earnings reports. The company had revenue of $5.30 million during the quarter. RiceBran Technologies had a negative net margin of 52.99% and a negative return on equity of 39.12%.

RiceBran Technologies stock traded down $0.10 during mid-day trading on Friday, hitting $2.70. 63,600 shares of the company’s stock traded hands, compared to its average volume of 64,767. The firm has a 50 day simple moving average of $2.70 and a two-hundred day simple moving average of $2.80. The company has a current ratio of 2.20, a quick ratio of 2.01 and a debt-to-equity ratio of 0.10. RiceBran Technologies has a fifty-two week low of $2.16 and a fifty-two week high of $3.87.

In related news, Director Baruch Halpern sold 11,289 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $2.65, for a total value of $29,915.85. Following the sale, the director now directly owns 193,231 shares of the company’s stock, valued at $512,062.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Grain Co Continental acquired 17,535 shares of RiceBran Technologies stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average cost of $2.69 per share, for a total transaction of $47,169.15. Following the completion of the purchase, the insider now directly owns 7,326,152 shares of the company’s stock, valued at $19,707,348.88. The disclosure for this purchase can be found here. Insiders purchased 79,962 shares of company stock worth $211,912 over the last ninety days. 8.69% of the stock is currently owned by insiders.

Separately, ValuEngine downgraded RiceBran Technologies from a “buy” rating to a “hold” rating in a report on Monday, October 21st.

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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Earnings History for RiceBran Technologies (NASDAQ:RIBT)

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