RiceBran Technologies (NASDAQ:RIBT) Shares Pass Below 200 Day Moving Average of $0.23

RiceBran Technologies (NASDAQ:RIBT)’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.

RiceBran Technologies Price Performance

The company has a market cap of $1.60 million, a price-to-earnings ratio of -0.07 and a beta of 0.47. The firm has a 50-day moving average price of $0.17 and a 200 day moving average price of $0.22.

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.