Notable News Spotlight: RiceBran Technologies (NASDAQ:RIBT) (NASDAQ:RIBTW)

RiceBran Technologies (NASDAQ:RIBT) changed 0.37% to recent value of $2.7. The stock transacted 60880 shares during most recent day however it has an average volume of 68.05K shares. It spotted trading -30.23% off 52-week high price. On the other end, the stock has been noted 10.88% away from the low price over the last 52-weeks.

On Aug. 7, 2019,  RiceBran Technologies (NASDAQ:RIBT) (NASDAQ:RIBTW) a global leader in the production and marketing of value added products derived from rice bran,  released the appointment of Peter G. Bradley to its Board of Directors.

Mr. Bradley is a global business leader, bringing to the Company more than 23 years of experience as an executive in consumer foods, dietary supplements, food ingredients and specialty chemicals.  Mr. Bradley is a Principal at Ingredient Insights (Insights), a strategic consulting business focused in food ingredients and specialty materials geared toward M&A activity, supporting new start-ups and providing diligence support for institutional investors. He also serves as an Operating Partner at Arbor Investments, a specialized private equity firm that focuses exclusively on acquiring premier companies in the food, beverage and related industries.

Mr. Bradley previously served at Novel Ingredients (Novel), a technology driven provider of value-added ingredients and finished products to the U.S. dietary supplement industry. As Chief Executive Officer of Novel from 2014-2016, he guided Novel’s transition from an owner-managed business into a successful private equity portfolio company.As Chairman of the Board of Novel from 2016-2017, Mr. Bradley spearheaded the entry into finished consumer products, and successfully guided Novel through the process that culminated in its acquisition by Innophos Holdings (Innophos) in August 2017. The Innophos exit represented a more than 35% ROI for the private equity owners, and a more than 100% increase from the starting equity value.

From 2009-2013, Mr. Bradley was Chief Executive Officer of Warwick International Group (Warwick), a specialty chemical company manufacturing bleach activators for the global home care industry and distributing specialty chemicals in Southern Europe and Asia. Prior to Warwick, Mr. Bradley was with Sensient Technologies Corporation, serving as Managing Director of its Colors Europe division (2003-2004), President of its Asia Pacific Group (2004-2005) and President of its Color Group (2005-2009). Mr. Bradley holds a bachelor’s degree in Business Studies from Manchester University (Finance and Marketing Majors) and a Post Graduate Diploma in Marketing from Manchester Business School.

RIBT has a gross margin of 13.50% and an operating margin of -52.80% while its profit margin remained -53.60% for the last 12 months. Its earnings per share (EPS) expected to touch remained 53.00% for this year while earning per share for the next 5-years is expected to reach at 40.00%.

The company has 33.96M of outstanding shares and 31.69M shares were floated in the market. According to the most recent quarter its current ratio was 4.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of -2.28% from the mean of 20 days, -6.55% from mean of 50 days SMA and performed -11.90% from mean of 200 days price. Company’s performance for the week was -4.26%, -14.83% for month and YTD performance remained -10.00%.


Leave a Reply

Your email address will not be published. Required fields are marked *