RiceBran Technologies (NASDAQ:RIBT) Shares Cross Below Two Hundred Day Moving Average of $0.17

Posted by Oscar Bower on Jun 29th, 2024

Shares of RiceBran Technologies (NASDAQ:RIBT – Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.17 and traded as low as $0.09. RiceBran Technologies shares last traded at $0.12, with a volume of 19,537 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on RiceBran Technologies in a report on Thursday. They issued a “sell” rating on the stock.

Read Our Latest Stock Report on RIBT

RiceBran Technologies Trading Up 23.1 %

The stock has a fifty day moving average price of $0.15 and a 200-day moving average price of $0.17.

RiceBran Technologies (NASDAQ:RIBT – Get Free Report) last announced its quarterly earnings results on Monday, May 13th. The company reported ($0.15) earnings per share for the quarter. RiceBran Technologies had a negative net margin of 76.22% and a negative return on equity of 470.52%. The business had revenue of $2.12 million for the quarter.

About RiceBran Technologies

(Get Free Report)

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.