RiceBran Technologies (NASDAQ:RIBT) posted its earnings results on Thursday, November 7th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01), Fidelity Earnings reports. RiceBran Technologies had a negative return on equity of 42.74% and a negative net margin of 56.23%. The firm had revenue of $5.30 million for the quarter.
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NASDAQ:RIBT opened at $2.36 on Tuesday. The business’s 50-day simple moving average is $2.67 and its 200 day simple moving average is $2.75. RiceBran Technologies has a one year low of $2.16 and a one year high of $3.87. The company has a current ratio of 1.61, a quick ratio of 1.44 and a debt-to-equity ratio of 0.11.
In other news, major shareholder Grain Co Continental purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average cost of $2.65 per share, for a total transaction of $26,500.00. Following the completion of the purchase, the insider now owns 7,449,068 shares of the company’s stock, valued at $19,740,030.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Baruch Halpern sold 11,289 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $2.65, for a total value of $29,915.85. Following the completion of the sale, the director now directly owns 193,231 shares of the company’s stock, valued at $512,062.15. The disclosure for this sale can be found here. Corporate insiders own 8.69% of the company’s stock.
Separately, ValuEngine cut shares of RiceBran Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 21st.
RiceBran Technologies Company Profile
RiceBran Technologies processes and markets healthy, natural, and nutrient dense products derived from raw rice bran. The company manufactures and distributes stabilized rice bran (SRB) in various granulations with other products and derivatives. It offers RiBalance, a rice bran nutritional package derived from further processing of SRB; RiSolubles, a nutritious carbohydrate and lipid rich fraction of RiBalance; RiFiber, a protein and fiber rich derivative of RiBalance; and protein and protein/fiber blends under the ProRyza brand.
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