StockNews.com Initiates Coverage on RiceBran Technologies (NASDAQ:RIBT)

StockNews.com started coverage on shares of RiceBran Technologies (NASDAQ:RIBT) in a report issued on Tuesday morning. The firm issued a sell rating on the stock.

RiceBran Technologies Trading Down 5.9 %

NASDAQ:RIBT opened at $0.16 on Tuesday. RiceBran Technologies has a 12-month low of $0.07 and a 12-month high of $1.17. The firm has a market cap of $1.60 million, a PE ratio of -0.07 and a beta of 0.47. The stock has a fifty day moving average price of $0.17 and a 200 day moving average price of $0.22.

Hedge Funds Weigh In On RiceBran Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in RIBT. UBS Group AG lifted 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 worth $26,000 after acquiring an additional 36,561 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of RiceBran Technologies in the 4th quarter valued at $32,000. LPL Financial LLC purchased a new stake in shares of RiceBran Technologies during the 4th quarter worth $43,000. Jane Street Group LLC grew its stake in shares of RiceBran Technologies by 112.9% during the second quarter. Jane Street Group LLC now owns 69,811 shares of the company’s stock worth $47,000 after purchasing an additional 37,014 shares in the last quarter. Finally, State Street Corp purchased a new position in RiceBran Technologies in the first quarter valued at $69,000. 2.48% of the stock is owned by institutional investors and hedge funds.

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.