RiceBran Technologies (RIBT) Receives Daily Coverage Optimism Score of 0.12

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Press coverage about RiceBran Technologies (NASDAQ:RIBT) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. RiceBran Technologies earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.4340800139873 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

NASDAQ:RIBT traded up $0.04 on Friday, hitting $3.07. 74,387 shares of the stock were exchanged, compared to its average volume of 161,892. RiceBran Technologies has a 52 week low of $1.04 and a 52 week high of $3.46.

RiceBran Technologies (NASDAQ:RIBT) last announced its quarterly earnings data on Thursday, August 2nd. The company reported ($0.11) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.11). The firm had revenue of $3.20 million during the quarter. RiceBran Technologies had a negative return on equity of 64.99% and a negative net margin of 38.14%.

Separately, Maxim Group reissued a “hold” rating on shares of RiceBran Technologies in a report on Friday, August 3rd.

In related news, major shareholder Grain Co Continental bought 125,600 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The stock was bought at an average cost of $2.51 per share, for a total transaction of $315,256.00. Following the transaction, the insider now owns 4,280,332 shares of the company’s stock, valued at $10,743,633.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David Goldman bought 10,000 shares of the firm’s stock in a transaction dated Friday, August 10th. The shares were bought at an average price of $2.81 per share, with a total value of $28,100.00. Following the completion of the transaction, the director now directly owns 160,988 shares in the company, valued at approximately $452,376.28. The disclosure for this purchase can be found here. Insiders have acquired a total of 766,942 shares of company stock valued at $2,125,858 over the last three months. Company insiders own 10.18% of the company’s stock.

RiceBran Technologies Company Profile

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: Analyst Ratings

Insider Buying and Selling by Quarter for RiceBran Technologies (NASDAQ:RIBT)

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