RiceBran Technologies (RIBT) Receives New Coverage from Analysts at Lake Street Capital

Equities researchers at Lake Street Capital started coverage on shares of RiceBran Technologies (NASDAQ:RIBT) in a report issued on Wednesday, May 10th, MarketBeat.com reports. The firm set a “buy” rating and a $2.00 price target on the stock. Lake Street Capital’s price objective would suggest a potential upside of 117.39% from the stock’s previous close.

Separately, Maxim Group lowered RiceBran Technologies from a “buy” rating to a “hold” rating in a research note on Friday, March 24th.

Shares of RiceBran Technologies (NASDAQ:RIBT) traded up 2.22% during midday trading on Wednesday, hitting $0.92. The stock had a trading volume of 84,752 shares. RiceBran Technologies has a 1-year low of $0.69 and a 1-year high of $1.80. The firm’s 50-day moving average price is $0.87 and its 200-day moving average price is $0.90. The stock’s market cap is $10.05 million.

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About RiceBran Technologies

RiceBran Technologies is a human food ingredient, functional food ingredient, packaged functional food and animal nutrition company. The Company is focused on processing and marketing of nutrient dense products derived from raw rice, an underutilized by-product of the rice milling industry. The Company has two operating segments.

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