RiceBran Technologies, Stock Rating Reaffirmed by
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Posted On: 08/07/2018 2:15:24 PM
RiceBran Technologies, Stock Rating Reaffirmed by Maxim Group
https://theenterpriseleader.com/2018/08/06/ri...group.html
Maxim Group reissued their hold rating on shares of RiceBran Technologies (NASDAQ:RIBT) in a report published on Friday morning.
“RIBT reported relatively inline 2Q18 results, including revenue slightly above the preannouncement from 7/9/18 and GAAP EPS inline with our estimate and consensus. Supply headwinds continue to negatively impact the company and as a result, RIBT lowered 2018 revenue guidance to $14M-$15M, from at least $16M. The Golden Ridge facility appears to be operational and we believe it is a strong possibility that RIBT will acquire the company during 2H18 to boost production capacity and realize cost efficiencies.”,” Maxim Group’s analyst commented.
production capacity and realize cost efficiencies.”,” Maxim Group’s analyst commented.
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RIBT traded up $0.11 during midday trading on Friday, hitting $2.49. The company had a trading volume of 348,014 shares, compared to its average volume of 264,949. RiceBran Technologies has a 52 week low of $1.01 and a 52 week high of $3.09.
RiceBran Technologies (NASDAQ:RIBT) last posted its quarterly earnings results on Thursday, August 2nd. The company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). RiceBran Technologies had a negative net margin of 31.24% and a negative return on equity of 75.20%. The firm had revenue of $3.20 million during the quarter.
In related news, major shareholder Grain Co Continental purchased 250,000 shares of the firm’s stock in a transaction on Friday, May 11th. The stock was purchased at an average cost of $1.55 per share, with a total value of $387,500.00. Following the completion of the purchase, the insider now owns 4,004,732 shares in the company, valued at approximately $6,207,334.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 10.18% of the company’s stock.
A hedge fund recently raised its stake in RiceBran Technologies stock. First Eagle Investment Management LLC raised its stake in RiceBran Technologies (NASDAQ:RIBT) by 52.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100,000 shares of the company’s stock after purchasing an additional 34,600 shares during the period. First Eagle Investment Management LLC owned 0.55% of RiceBran Technologies worth $156,000 as of its most recent SEC filing. 4.79% of the stock is owned by hedge funds and other institutional investors.
https://theenterpriseleader.com/2018/08/06/ri...group.html
Maxim Group reissued their hold rating on shares of RiceBran Technologies (NASDAQ:RIBT) in a report published on Friday morning.
“RIBT reported relatively inline 2Q18 results, including revenue slightly above the preannouncement from 7/9/18 and GAAP EPS inline with our estimate and consensus. Supply headwinds continue to negatively impact the company and as a result, RIBT lowered 2018 revenue guidance to $14M-$15M, from at least $16M. The Golden Ridge facility appears to be operational and we believe it is a strong possibility that RIBT will acquire the company during 2H18 to boost production capacity and realize cost efficiencies.”,” Maxim Group’s analyst commented.
production capacity and realize cost efficiencies.”,” Maxim Group’s analyst commented.
Get RiceBran Technologies alerts:
Enter Your Email Address
RIBT traded up $0.11 during midday trading on Friday, hitting $2.49. The company had a trading volume of 348,014 shares, compared to its average volume of 264,949. RiceBran Technologies has a 52 week low of $1.01 and a 52 week high of $3.09.
RiceBran Technologies (NASDAQ:RIBT) last posted its quarterly earnings results on Thursday, August 2nd. The company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). RiceBran Technologies had a negative net margin of 31.24% and a negative return on equity of 75.20%. The firm had revenue of $3.20 million during the quarter.
In related news, major shareholder Grain Co Continental purchased 250,000 shares of the firm’s stock in a transaction on Friday, May 11th. The stock was purchased at an average cost of $1.55 per share, with a total value of $387,500.00. Following the completion of the purchase, the insider now owns 4,004,732 shares in the company, valued at approximately $6,207,334.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 10.18% of the company’s stock.
A hedge fund recently raised its stake in RiceBran Technologies stock. First Eagle Investment Management LLC raised its stake in RiceBran Technologies (NASDAQ:RIBT) by 52.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100,000 shares of the company’s stock after purchasing an additional 34,600 shares during the period. First Eagle Investment Management LLC owned 0.55% of RiceBran Technologies worth $156,000 as of its most recent SEC filing. 4.79% of the stock is owned by hedge funds and other institutional investors.
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