RiceBran Technologies (NASDAQ:RIBT)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.22 and traded as low as $1.26. RiceBran Technologies shares last traded at $1.27, with a volume of 290 shares traded.

Several research analysts have recently weighed in on the stock. ValuEngine cut shares of RiceBran Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Lake Street Capital decreased their price objective on shares of RiceBran Technologies from $4.50 to $2.50 and set a “positive” rating on the stock in a research report on Tuesday, January 14th.

The stock has a market capitalization of $50.38 million, a P/E ratio of -3.10 and a beta of 0.18. The company’s 50-day moving average price is $1.30 and its 200 day moving average price is $2.21. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.44 and a current ratio of 1.61.

In related news, major shareholder Grain Co Continental purchased 3,200,000 shares of RiceBran Technologies stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of $1.25 per share, for a total transaction of $4,000,000.00. Following the acquisition, the insider now owns 10,649,068 shares in the company, valued at approximately $13,311,335. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brent Robert Rystrom purchased 80,000 shares of RiceBran Technologies stock in a transaction on Thursday, December 19th. The stock was bought at an average price of $1.25 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the chief executive officer now owns 278,737 shares in the company, valued at approximately $348,421.25. The disclosure for this purchase can be found here. Insiders have bought a total of 3,300,000 shares of company stock worth $4,125,000 over the last 90 days. Insiders own 8.69% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Comprehensive Portfolio Management LLC bought a new stake in RiceBran Technologies in the 3rd quarter valued at $33,000. Wedbush Securities Inc. increased its holdings in RiceBran Technologies by 33.7% in the 4th quarter. Wedbush Securities Inc. now owns 200,494 shares of the company’s stock valued at $295,000 after acquiring an additional 50,494 shares during the last quarter. BlackRock Inc. increased its holdings in RiceBran Technologies by 136.7% in the 2nd quarter. BlackRock Inc. now owns 126,011 shares of the company’s stock valued at $367,000 after acquiring an additional 72,778 shares during the last quarter. Roumell Asset Management LLC bought a new stake in RiceBran Technologies in the 4th quarter valued at $771,000. Finally, Vanguard Group Inc. increased its holdings in shares of RiceBran Technologies by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 970,524 shares of the company’s stock worth $2,824,000 after buying an additional 27,112 shares during the last quarter. Institutional investors own 26.41% 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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