RiceBran Technologies (NASDAQ:RIBT) Shares Cross Below 200 Day Moving Average of $0.17

RiceBran Technologies (NASDAQ:RIBT) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.17 and traded as low as $0.09. RiceBran Technologies shares last traded at $0.12, with a volume of 19,537 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on RiceBran Technologies in a research report on Thursday. They set a “sell” rating for the company.

RiceBran Technologies Price Performance

The stock has a 50-day moving average of $0.15 and a two-hundred day moving average of $0.17.

RiceBran Technologies (NASDAQ:RIBT) last released its earnings results on Monday, May 13th. The company reported ($0.15) earnings per share for the quarter. The firm had revenue of $2.12 million during the quarter. RiceBran Technologies had a negative return on equity of 470.52% and a negative net margin of 76.22%.

About RiceBran Technologies

RiceBran Technologies, together with its subsidiaries, operates as a specialty ingredient company in the United States and internationally. The company focuses on development, production, and marketing of products derived from traditional and ancient small grains. It also produces products utilizing proprietary processes to deliver improved nutrition, ease of use, and extended shelf-life, while addressing consumer demand for all natural, non-GMO, and organic products.