RiceBran Technologies (RIBT) has been a solid gainer for NYSE and NASDAQ listed companies trading in the consumer goods sector in morning action on September 23. At the lunch break, shares of RIBT have risen 9.17% to $1.31 after closing the day prior at $1.2. In the first two and a half hours of trading, the stock has gone as high as $1.31 and as low as $1.26. Today’s rise has come with about 2,532 shares changing hands, compared to an average 30-day volume of 12,024 for RiceBran Technologies. The price is currently below the 30-day volume weighted average price of $1.3 for RIBT.
The share appreciation gives the company a market capitalization of $12.72 million based upon 10.6 million shares outstanding. It also means that RIBT has a price-to-book ratio of 2.05:1.
In the past 52 weeks, shares of RIBT have traded as low as $1.069 and as high as $2.5. Technical traders will take note that at $1.31, shares of RIBT are trading below their 200-day MA at $1.55 and below their 50-day MA at $1.47. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is RIBT?
RiceBran Technologies is a human and functional food ingredient, packaged functional food and animal nutrition company focused on processing and marketing of healthy, natural and nutrient dense products derived from raw rice bran. The company’s 264 employees are led by CEO Robert D. Smith from the corporate headquarters at 6720 North Scottsdale Road in Scottsdale, AZ.
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