RiceBran Technologies (NASDAQ:RIBT – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.23 and traded as low as $0.18. RiceBran Technologies shares last traded at $0.19, with a volume of 10,667 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on RiceBran Technologies in a research note on Tuesday. They set a “sell” rating for the company.
Check Out Our Latest Report on RIBT
RiceBran Technologies Price Performance
Institutional Investors Weigh In On RiceBran Technologies
Large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in shares of RiceBran Technologies during the 4th quarter worth $32,000. LPL Financial LLC bought a new position in RiceBran Technologies in the 4th quarter valued at about $43,000. Jane Street Group LLC lifted its holdings in shares of RiceBran Technologies by 112.9% during the 2nd quarter. Jane Street Group LLC now owns 69,811 shares of the company’s stock worth $47,000 after acquiring an additional 37,014 shares during the period. Renaissance Technologies LLC boosted its position in shares of RiceBran Technologies by 54.2% during the 2nd quarter. Renaissance Technologies LLC now owns 528,064 shares of the company’s stock worth $354,000 after acquiring an additional 185,700 shares in the last quarter. Finally, UBS Group AG increased its stake in RiceBran Technologies by 1,828.1% in the second quarter. UBS Group AG now owns 38,561 shares of the company’s stock valued at $26,000 after acquiring an additional 36,561 shares during the last quarter. Institutional investors and hedge funds own 2.48% of the company’s stock.
About RiceBran Technologies
RiceBran Technologies, together with its subsidiaries, operates as a specialty ingredient company in the United States and internationally. It focuses on development, production, and marketing of products derived from rice and other small and ancient grains for the nutraceutical, healthy food, companion animal, and equine feed categories.
Read More
- Five stocks we like better than RiceBran Technologies
- 3 Grocery Stocks That Are Proving They Are Still Essential
- United Airlines Soars on Earnings Beat
- Which Wall Street Analysts are the Most Accurate?
- J.B. Hunt Hits the Skids: Lower Prices to Come
- Comparing and Trading High PE Ratio Stocks
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.