StockNews.com Initiates Coverage on RiceBran Technologies (NASDAQ:RIBT)

StockNews.com initiated coverage on shares of RiceBran Technologies (NASDAQ:RIBT) in a report issued on Sunday morning. The brokerage issued a sell rating on the stock.

RiceBran Technologies Stock Up 9.9 %

NASDAQ RIBT opened at $0.16 on Friday. The firm’s fifty day simple moving average is $0.17 and its two-hundred day simple moving average is $0.18. RiceBran Technologies has a 12-month low of $0.07 and a 12-month high of $1.17.

RiceBran Technologies Company Profile

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.