RiceBran Technologies (RIBT) Upgraded at ValuEngine
ValuEngine upgraded shares of RiceBran Technologies (NASDAQ:RIBT) from a strong sell rating to a sell rating in a report issued on Friday morning.
Separately, Maxim Group reissued a hold rating on shares of RiceBran Technologies in a research report on Tuesday, July 18th.
RiceBran Technologies (NASDAQ RIBT) opened at 1.10 on Friday. The stock’s market capitalization is $14.86 million. RiceBran Technologies has a 1-year low of $0.69 and a 1-year high of $1.54. The stock 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 released its earnings results on Thursday, August 10th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.04). RiceBran Technologies had a negative net margin of 18.06% and a negative return on equity of 241.74%. The firm had revenue of $3.15 million during the quarter, compared to analyst estimates of $10.70 million. Equities research analysts expect that RiceBran Technologies will post ($0.41) EPS for the current year.
About RiceBran Technologies
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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