RiceBran Technologies (RIBT) to Release Earnings on Tuesday

RiceBran Technologies (NASDAQ:RIBT) will post its quarterly earnings results after the market closes on Tuesday, November 6th.

RiceBran Technologies (NASDAQ:RIBT) last posted its quarterly earnings results on Thursday, August 2nd. The company reported ($0.11) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.11). The company had revenue of $3.20 million for the quarter. RiceBran Technologies had a negative net margin of 38.14% and a negative return on equity of 64.99%.

NASDAQ:RIBT opened at $2.58 on Tuesday. RiceBran Technologies has a fifty-two week low of $1.17 and a fifty-two week high of $3.46.

In other RiceBran Technologies news, major shareholder Grain Co Continental bought 123,779 shares of the business’s stock in a transaction dated Thursday, August 30th. The shares were acquired at an average price of $3.21 per share, with a total value of $397,330.59. Following the purchase, the insider now owns 4,626,221 shares in the company, valued at approximately $14,850,169.41. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director David Goldman bought 10,000 shares of the business’s stock in a transaction dated Friday, August 10th. The stock was acquired at an average cost of $2.81 per share, for a total transaction of $28,100.00. Following the purchase, the director now owns 160,988 shares in the company, valued at approximately $452,376.28. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 766,942 shares of company stock worth $2,125,858. 10.18% of the stock is currently owned by insiders.

Separately, Maxim Group reaffirmed a “hold” rating on shares of RiceBran Technologies in a research note on Friday, August 3rd.

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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Earnings History for RiceBran Technologies (NASDAQ:RIBT)

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