RiceBran Technologies (RIBT) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS

RiceBran Technologies (NASDAQ:RIBT) issued its quarterly earnings data on Thursday. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $0.04, Morningstar.com reports. RiceBran Technologies had a negative return on equity of 990.76% and a negative net margin of 27.99%.

RiceBran Technologies (NASDAQ:RIBT) opened at 1.0601 on Friday. The stock has a 50 day moving average price of $1.00 and a 200-day moving average price of $0.90. RiceBran Technologies has a 12-month low of $0.69 and a 12-month high of $1.66. The firm’s market capitalization is $11.58 million.

Several equities analysts recently issued reports on the company. Maxim Group reaffirmed a “hold” rating on shares of RiceBran Technologies in a report on Friday, May 12th. Lake Street Capital assumed coverage on RiceBran Technologies in a report on Wednesday, May 10th. They set a “buy” rating and a $2.00 price objective for the company.

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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.

Earnings History for RiceBran Technologies (NASDAQ:RIBT)

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