RiceBran Technologies (NASDAQ:RIBT) Share Price Crosses Below 50-Day Moving Average of $0.87

RiceBran Technologies (NASDAQ:RIBT) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.87 and traded as low as $0.52. RiceBran Technologies shares last traded at $0.55, with a volume of 5,200 shares.

Analyst Ratings Changes

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

RiceBran Technologies Price Performance

The stock has a market capitalization of $3.57 million, a PE ratio of -0.22 and a beta of 0.44. The company has a 50-day moving average of $0.85 and a 200 day moving average of $0.94. The company has a quick ratio of 0.46, a current ratio of 0.51 and a debt-to-equity ratio of 1.14.

Hedge Funds Weigh In On RiceBran Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the business. Virtu Financial LLC acquired a new stake in RiceBran Technologies in the 4th quarter valued at about $32,000. LPL Financial LLC acquired a new position in shares of RiceBran Technologies during the 4th quarter valued at about $43,000. Jane Street Group LLC grew its holdings in shares of RiceBran Technologies by 112.9% in the second quarter. Jane Street Group LLC now owns 69,811 shares of the company’s stock valued at $47,000 after purchasing an additional 37,014 shares during the period. Renaissance Technologies LLC raised its stake in RiceBran Technologies by 54.2% during the second quarter. Renaissance Technologies LLC now owns 528,064 shares of the company’s stock worth $354,000 after purchasing an additional 185,700 shares during the period. Finally, UBS Group AG grew its stake in shares of RiceBran Technologies by 1,828.1% in the 2nd quarter. UBS Group AG now owns 38,561 shares of the company’s stock valued at $26,000 after buying an additional 36,561 shares during the period. 3.52% of the stock is owned by hedge funds and other institutional investors.

About RiceBran Technologies

RiceBran Technologies, together with its subsidiaries, operates as a specialty ingredient company in the United States and internationally. It focuses on development, production, and marketing of products derived from rice and other small and ancient grains for the nutraceutical, healthy food, companion animal, and equine feed categories.