RiceBran Technologies (NASDAQ:RIBT) Trading 10.9% Higher

RiceBran Technologies (NASDAQ:RIBT)’s stock price traded up 10.9% on Friday . The company traded as high as $2.84 and last traded at $2.65, 113,019 shares traded hands during mid-day trading. An increase of 53% from the average session volume of 74,003 shares. The stock had previously closed at $2.39.

The business’s 50-day moving average price is $2.82 and its two-hundred day moving average price is $3.09. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.22 and a quick ratio of 4.00.

RiceBran Technologies (NASDAQ:RIBT) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The firm had revenue of $6.22 million during the quarter. RiceBran Technologies had a negative net margin of 52.99% and a negative return on equity of 40.99%.

Large investors have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new position in RiceBran Technologies in the second quarter valued at approximately $38,000. Vanguard Group Inc. increased its stake in RiceBran Technologies by 2.9% in the second quarter. Vanguard Group Inc. now owns 970,524 shares of the company’s stock valued at $2,824,000 after purchasing an additional 27,112 shares during the last quarter. BlackRock Inc. increased its stake in RiceBran Technologies by 136.7% in the second quarter. BlackRock Inc. now owns 126,011 shares of the company’s stock valued at $367,000 after purchasing an additional 72,778 shares during the last quarter. Continental Grain Co. increased its stake in RiceBran Technologies by 16.0% in the second quarter. Continental Grain Co. now owns 7,283,046 shares of the company’s stock valued at $21,194,000 after purchasing an additional 1,003,344 shares during the last quarter. Finally, LPL Financial LLC increased its stake in RiceBran Technologies by 13.2% in the second quarter. LPL Financial LLC now owns 53,457 shares of the company’s stock valued at $156,000 after purchasing an additional 6,235 shares during the last quarter. 29.93% of the stock is owned by institutional investors and hedge funds.

About RiceBran Technologies (NASDAQ:RIBT)

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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