RiceBran Technologies (NASDAQ:RIBT) Releases Earnings Results

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RiceBran Technologies (NASDAQ:RIBT) announced its quarterly earnings data on Tuesday. The company reported ($0.11) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.01, Fidelity Earnings reports. RiceBran Technologies had a negative net margin of 58.83% and a negative return on equity of 44.54%. The company had revenue of $5.83 million for the quarter.

Shares of RiceBran Technologies stock opened at $1.07 on Thursday. The company has a fifty day simple moving average of $1.10 and a 200-day simple moving average of $1.88. RiceBran Technologies has a 12-month low of $0.48 and a 12-month high of $3.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.44 and a current ratio of 1.61.

Separately, Lake Street Capital dropped their price objective on shares of RiceBran Technologies from $4.50 to $2.50 and set a “positive” rating on the stock in a research report on Tuesday, January 14th.

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.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

Earnings History for RiceBran Technologies (NASDAQ:RIBT)

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