RiceBran Technologies (NASDAQ:RIBT) last released its quarterly earnings results on Thursday, August 10th. The company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.04). RiceBran Technologies had a negative net margin of 18.06% and a negative return on equity of 241.74%. The firm had revenue of $3.15 million for the quarter, compared to analysts’ expectations of $10.70 million. On average, analysts expect RiceBran Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of RiceBran Technologies (RIBT) opened at 1.24 on Wednesday. RiceBran Technologies has a 52-week low of $0.69 and a 52-week high of $1.40. The stock’s market cap is $16.75 million. The firm’s 50-day moving average price is $1.23 and its 200-day moving average price is $1.03.
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Several brokerages recently weighed in on RIBT. Maxim Group reaffirmed a “hold” rating on shares of RiceBran Technologies in a report on Tuesday, July 18th. ValuEngine upgraded shares of RiceBran Technologies from a “strong sell” rating to a “sell” rating in a research note on Friday, September 15th.
RiceBran Technologies Company Profile
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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