RiceBran Technologies Receives a Hold from Maxim Group

In a report released today, Anthony Vendetti from Maxim Group maintained a Hold rating on RiceBran Technologies (NASDAQ: RIBT). The company’s shares closed yesterday at $1.55, close to its 52-week high of $1.66.

Vendetti noted:

“1Q18 revenue of $3.55M, down 1.7% y/y, was slightly above both our estimate of $3.51M and consensus of $3.45M. Food segment revenue declined 6% y/y, while Animal Nutrition revenue grew 4% y/y. A GAAP loss of ($0.11) per share was wider than our estimate of ($0.08), but inline with consensus. RIBT maintained its 2018 revenue guidance of at least $16M, but widened its 2018 adjusted EBITDA loss guidance to ($4.0M)-($3.5M), from ($3.5M)-($3.0M). We are introducing 2020 estimates with revenue of $18.7M and GAAP EPS of ($0.23)..”

According to TipRanks.com, Vendetti is ranked #478 out of 4787 analysts.

RiceBran Technologies has an analyst consensus of Hold.

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The company has a one-year high of $1.66 and a one-year low of $0.77. Currently, RiceBran Technologies has an average volume of 73.34K.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RIBT in relation to earlier this year.

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RiceBran Technologies engages in the process and distribution of stabilized rice bran and other proprietary, rice bran-based ingredients, and formulations. It offers products including food ingredients, meat inclusion, animal nutrition, and derivatives. The company was founded on March 18, 1998 and is headquartered in West Sacramento, CA.