What’s RiceBran Technologies (RIBT) Downside After Forming Double Bottom Chart Pattern?

June 19, 2017 - By Marguerite Chambers

Investors sentiment increased to 2 in 2016 Q4. Its up 1.29, from 0.71 in 2016Q3. It improved, as 1 investors sold RiceBran Technologies shares while 3 reduced holdings. 2 funds opened positions while 6 raised stakes. 1.16 million shares or 4.56% more from 1.11 million shares in 2016Q3 were reported.
Cannell Peter B & Inc reported 42,408 shares stake. 2,319 were reported by Blackrock Fund. Deutsche Bank Ag accumulated 1 shares. Sabby Mgmt Ltd Limited Liability Company has invested 0.05% in RiceBran Technologies (NASDAQ:RIBT). Goldman Sachs Grp Inc reported 38,121 shares. Us Savings Bank De holds 0% or 40 shares in its portfolio. National Bank & Trust Of America De has 0% invested in RiceBran Technologies (NASDAQ:RIBT). Pnc Finance Service Group accumulated 90 shares. Geode Management Ltd Liability Com reported 15,640 shares or 0% of all its holdings. Renaissance Tech Lc holds 0% or 37,200 shares. Kcg Holdg Inc reported 28,494 shares. Vanguard Group holds 49,467 shares. Morgan Stanley reported 0% of its portfolio in RiceBran Technologies (NASDAQ:RIBT). Blackrock Institutional Na has invested 0% of its portfolio in RiceBran Technologies (NASDAQ:RIBT). Royal Comml Bank Of Canada holds 0% in RiceBran Technologies (NASDAQ:RIBT) or 25 shares.

The chart of RiceBran Technologies (RIBT) shows a double bottom with $0.83 target or 6.00 % below today’s $0.88 share price. The 7 months chart pattern indicates high risk for the $9.62M company. It was reported on Jun, 19 by Finviz.com. If the $0.83 price target is reached, the company will be worth $577,200 less. Double bottoms are rare but powerful chart patterns.

It closed at $0.88 lastly. It is down 39.04% since June 19, 2016 and is downtrending. It has underperformed by 55.74% the S&P500.

More notable recent RiceBran Technologies (NASDAQ:RIBT) news were published by: Prnewswire.com which released: “RiceBran Technologies Completes Acquisition of H&N Distribution” on January 07, 2014, also Businesswire.com with their article: “RiceBran Technologies Warns of Hostile Takeover by Dissident Group Without …” published on June 13, 2016, Prnewswire.com published: “RiceBran Technologies and the Narula Group, One of the World’s Largest Growers …” on February 09, 2016. More interesting news about RiceBran Technologies (NASDAQ:RIBT) were released by: Reuters.com and their article: “BRIEF-RiceBran Technologies reports Q1 2017 consolidated net loss $0.32 per share” published on May 11, 2017 as well as Seekingalpha.com‘s news article titled: “RiceBran Technologies: Profit From The Turnaround” with publication date: August 16, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.