RiceBran Technologies (NASDAQ:RIBT) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of RiceBran Technologies (NASDAQ:RIBT) in a research note issued to investors on Tuesday. The firm issued a sell rating on the stock.

RiceBran Technologies Price Performance

NASDAQ:RIBT opened at $0.20 on Tuesday. The business’s 50-day moving average is $0.17 and its two-hundred day moving average is $0.23. RiceBran Technologies has a 12 month low of $0.07 and a 12 month high of $1.17. The firm has a market capitalization of $2 million, a PE ratio of -0.08 and a beta of 0.47.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RIBT. State Street Corp purchased a new position in RiceBran Technologies in the first quarter valued at about $69,000. UBS Group AG raised its position in RiceBran Technologies by 1,828.1% in the second quarter. UBS Group AG now owns 38,561 shares of the company’s stock valued at $26,000 after purchasing an additional 36,561 shares during the period. Renaissance Technologies LLC increased its position in shares of 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 acquiring an additional 185,700 shares during the last quarter. Jane Street Group LLC increased its position in shares of RiceBran Technologies by 112.9% during the second quarter. Jane Street Group LLC now owns 69,811 shares of the company’s stock worth $47,000 after acquiring an additional 37,014 shares during the last quarter. Finally, LPL Financial LLC purchased a new stake in shares of RiceBran Technologies during the fourth quarter worth about $43,000. 2.48% 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.