RiceBran Technologies (RIBT) Receives “Hold” Rating from Maxim Group
“3Q17 revenue of $3.4M, up 6.0% y/y on an apples-to-apples basis, was inline with consensus of $3.4M, but slightly below our estimate of $3.6M. Gross margin of 33.1%, up 800bps y/y, was above both our estimate of 27.6% and consensus of 26.4%. GAAP EPS of $0.30 was below our estimate of $0.42, but above consensus of $0.13. This includes ($0.38) from continuing operations and $0.67 from discontinued operations. Positive adjusted EBITDA is the next major initiative for the company. Management believes it can achieve this by reaching $19M-$22M in revenue and expects this to occur within the next 12-24 months.”,” Maxim Group’s analyst commented.
Separately, ValuEngine raised shares of RiceBran Technologies from a strong sell rating to a sell rating in a report on Friday, September 15th.
RiceBran Technologies (RIBT) opened at $1.21 on Friday. RiceBran Technologies has a 1-year low of $0.69 and a 1-year high of $1.40.
COPYRIGHT VIOLATION WARNING: “RiceBran Technologies (RIBT) Receives “Hold” Rating from Maxim Group” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://www.thecerbatgem.com/2017/11/14/ricebran-technologies-ribt-receives-hold-rating-from-maxim-group.html.
An institutional investor recently bought a new position in RiceBran Technologies stock. First Eagle Investment Management LLC bought a new stake in RiceBran Technologies (NASDAQ:RIBT) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 199,978 shares of the company’s stock, valued at approximately $256,000. First Eagle Investment Management LLC owned approximately 1.19% of RiceBran Technologies at the end of the most recent quarter. 5.49% of the stock is currently owned by institutional investors.
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.
Receive News & Stock Ratings for RiceBran Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RiceBran Technologies and related stocks with our FREE daily email newsletter.