RiceBran Technologies (NASDAQ:RIBT) Stock Price Passes Below Two Hundred Day Moving Average of $0.16

RiceBran Technologies (NASDAQ:RIBT) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.16 and traded as low as $0.11. RiceBran Technologies shares last traded at $0.13, with a volume of 10,731 shares changing hands.

Analysts Set New Price Targets

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

RiceBran Technologies Stock Up 4.2 %

The firm’s 50 day moving average is $0.14 and its two-hundred day moving average is $0.16.

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

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.