RiceBran Technologies (NASDAQ:RIBT) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of RiceBran Technologies (NASDAQ:RIBT) from a hold rating to a buy rating in a research note published on Tuesday, ValuEngine reports.

Shares of RiceBran Technologies stock opened at $2.71 on Tuesday. RiceBran Technologies has a 52-week low of $2.16 and a 52-week high of $3.87. The company has a fifty day moving average of $2.64 and a 200-day moving average of $2.86. The company has a quick ratio of 2.01, a current ratio of 2.20 and a debt-to-equity ratio of 0.10.

RiceBran Technologies (NASDAQ:RIBT) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.04). RiceBran Technologies had a negative net margin of 52.99% and a negative return on equity of 39.12%. The business had revenue of $6.22 million during the quarter.

In related news, Director Baruch Halpern sold 11,289 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $2.65, for a total transaction of $29,915.85. Following the completion of the sale, the director now directly owns 193,231 shares in the company, valued at approximately $512,062.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Grain Co Continental purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average price of $2.65 per share, with a total value of $26,500.00. Following the completion of the acquisition, the insider now directly owns 7,449,068 shares in the company, valued at $19,740,030.20. The disclosure for this purchase can be found here. Insiders bought a total of 79,962 shares of company stock valued at $211,912 in the last ninety days. 8.69% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new stake in RiceBran Technologies during the 2nd quarter valued at $38,000. LPL Financial LLC raised its holdings in RiceBran Technologies by 13.2% during the 2nd quarter. LPL Financial LLC now owns 53,457 shares of the company’s stock valued at $156,000 after buying an additional 6,235 shares during the last quarter. Wedbush Securities Inc. raised its holdings in RiceBran Technologies by 25.0% during the 2nd quarter. Wedbush Securities Inc. now owns 125,000 shares of the company’s stock valued at $364,000 after buying an additional 25,000 shares during the last quarter. BlackRock Inc. raised its holdings in RiceBran Technologies by 136.7% during the 2nd quarter. BlackRock Inc. now owns 126,011 shares of the company’s stock valued at $367,000 after buying an additional 72,778 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in RiceBran Technologies by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 970,524 shares of the company’s stock valued at $2,824,000 after buying an additional 27,112 shares during the last quarter. Institutional investors own 31.11% of the company’s stock.

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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