RiceBran Technologies (NASDAQ:RIBT) was upgraded by equities researchers at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Friday.
Separately, Maxim Group reissued a “hold” rating on shares of RiceBran Technologies in a research note on Tuesday, July 18th.
RiceBran Technologies (RIBT) opened at 1.10 on Friday. RiceBran Technologies has a one year low of $0.69 and a one year high of $1.54. The company’s market capitalization is $14.86 million. The firm has a 50-day moving average of $1.07 and a 200 day moving average of $0.92.
RiceBran Technologies (NASDAQ:RIBT) last announced its quarterly earnings data on Thursday, August 10th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.04). The firm had revenue of $3.15 million during the quarter, compared to analysts’ expectations of $10.70 million. RiceBran Technologies had a negative return on equity of 241.74% and a negative net margin of 18.06%. On average, equities analysts forecast that RiceBran Technologies will post ($0.41) EPS 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.
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