RiceBran Technologies (NASDAQ:RIBT) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.68 and traded as low as $2.69. RiceBran Technologies shares last traded at $2.69, with a volume of 800 shares.

The stock has a 50 day moving average of $2.68 and a two-hundred day moving average of $3.02. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.20 and a quick ratio of 2.01.

RiceBran Technologies (NASDAQ:RIBT) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.04). The company had revenue of $6.22 million during the quarter. RiceBran Technologies had a negative return on equity of 39.12% and a negative net margin of 52.99%.

In other RiceBran Technologies news, major shareholder Grain Co Continental acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was purchased at an average cost of $2.65 per share, for a total transaction of $26,500.00. Following the transaction, the insider now owns 7,449,068 shares of the company’s stock, valued at approximately $19,740,030.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Baruch Halpern sold 11,289 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $2.65, for a total value of $29,915.85. Following the sale, the director now owns 193,231 shares of the company’s stock, valued at $512,062.15. The disclosure for this sale can be found here. Insiders have acquired a total of 79,962 shares of company stock valued at $211,912 over the last 90 days. Corporate insiders own 8.69% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in RIBT. Continental Grain Co. boosted its position in RiceBran Technologies by 16.0% during the 2nd quarter. Continental Grain Co. now owns 7,283,046 shares of the company’s stock worth $21,194,000 after acquiring an additional 1,003,344 shares during the period. BlackRock Inc. boosted its position in RiceBran Technologies by 136.7% during the 2nd quarter. BlackRock Inc. now owns 126,011 shares of the company’s stock worth $367,000 after acquiring an additional 72,778 shares during the period. Deutsche Bank AG boosted its position in RiceBran Technologies by 393.1% during the 4th quarter. Deutsche Bank AG now owns 35,500 shares of the company’s stock worth $106,000 after acquiring an additional 28,300 shares during the period. Vanguard Group Inc. boosted its position in RiceBran Technologies by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 970,524 shares of the company’s stock worth $2,824,000 after acquiring an additional 27,112 shares during the period. Finally, Wedbush Securities Inc. boosted its position in RiceBran Technologies by 25.0% during the 2nd quarter. Wedbush Securities Inc. now owns 125,000 shares of the company’s stock worth $364,000 after acquiring an additional 25,000 shares during the period. Hedge funds and other institutional investors own 31.11% of the company’s stock.

About RiceBran Technologies (NASDAQ:RIBT)

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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