RiceBran Technologies (NASDAQ:RIBT) Share Price Crosses Below 200-Day Moving Average of $0.16

Shares of RiceBran Technologies (NASDAQ:RIBT) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.16 and traded as low as $0.10. RiceBran Technologies shares last traded at $0.11, with a volume of 807 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of RiceBran Technologies in a research report on Saturday. They set a “sell” rating for the company.

RiceBran Technologies Trading Up 9.9 %

The stock has a fifty day moving average price of $0.14 and a two-hundred day moving average price of $0.16.

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

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.