ValuEngine Upgrades RiceBran Technologies (RIBT) to Sell
RiceBran Technologies (NASDAQ:RIBT) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday.
Separately, Maxim Group reiterated a “hold” rating on shares of RiceBran Technologies in a report on Tuesday, July 18th.
RiceBran Technologies (RIBT) traded up 1.85% during mid-day trading on Friday, hitting $1.10. 48,549 shares of the stock were exchanged. The company’s market cap is $14.86 million. RiceBran Technologies has a one year low of $0.69 and a one year high of $1.54. The company has a 50-day moving average price of $1.07 and a 200-day moving average price of $0.92.
RiceBran Technologies (NASDAQ:RIBT) last posted its earnings results on Thursday, August 10th. The company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.04). RiceBran Technologies had a negative return on equity of 241.74% and a negative net margin of 18.06%. The company had revenue of $3.15 million during the quarter, compared to analyst estimates of $10.70 million. On average, analysts predict that RiceBran Technologies will post ($0.41) earnings per share for the current fiscal year.
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RiceBran Technologies Company Profile
RiceBran Technologies is a human food ingredient, functional food ingredient, packaged functional food and animal nutrition company. The Company is focused on processing and marketing of nutrient dense products derived from raw rice, an underutilized by-product of the rice milling industry. The Company has two operating segments.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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