RiceBran Technologies (NASDAQ:RIBT) announced its earnings results on Tuesday. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.04), Morningstar.com reports. RiceBran Technologies had a negative net margin of 53.57% and a negative return on equity of 38.80%. The company had revenue of $6.22 million during the quarter. RiceBran Technologies updated its FY 2019 guidance to EPS.
RIBT stock traded down $0.22 during trading on Wednesday, hitting $2.58. The company had a trading volume of 108,489 shares, compared to its average volume of 71,172. The stock has a 50-day moving average price of $2.85. RiceBran Technologies has a one year low of $2.45 and a one year high of $3.87. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.22 and a quick ratio of 4.00.
A number of hedge funds have recently made changes to their positions in the stock. LPL Financial LLC boosted its holdings in RiceBran Technologies by 13.2% in the second quarter. LPL Financial LLC now owns 53,457 shares of the company’s stock valued at $156,000 after acquiring an additional 6,235 shares during the last quarter. Creative Planning bought a new stake in RiceBran Technologies in the first quarter valued at approximately $41,000. Wedbush Securities Inc. boosted its holdings in RiceBran Technologies by 25.0% in the second quarter. Wedbush Securities Inc. now owns 125,000 shares of the company’s stock valued at $364,000 after acquiring an additional 25,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in RiceBran Technologies by 2.9% in the second quarter. Vanguard Group Inc. now owns 970,524 shares of the company’s stock valued at $2,824,000 after acquiring an additional 27,112 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in RiceBran Technologies by 393.1% in the fourth quarter. Deutsche Bank AG now owns 35,500 shares of the company’s stock valued at $106,000 after acquiring an additional 28,300 shares during the last quarter. Institutional investors and hedge funds own 29.93% of the company’s stock.
About RiceBran Technologies
RiceBran Technologies processes and markets healthy, natural, and nutrient dense products derived from raw rice bran. The company manufactures and distributes stabilized rice bran (SRB) in various granulations with other products and derivatives. It offers RiBalance, a rice bran nutritional package derived from further processing of SRB; RiSolubles, a nutritious carbohydrate and lipid rich fraction of RiBalance; RiFiber, a protein and fiber rich derivative of RiBalance; and protein and protein/fiber blends under the ProRyza brand.
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