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Unsteady Performance of RiceBran Technologies Shares in Week Ending Sept. 2
Shares of RiceBran Technologies (RIBT:NAQ) experienced fluctuations on Wall Street during the week ending Sept. 2. The share price ranged from a low of $0.5123 to a high of $0.589, indicating an unsteady performance.
Employment and Financial Snapshot
RiceBran Technologies, based in Tomball, Texas, employs 94 individuals and reported a negative income of -$7,070,000 as of Sept. 1. Despite the challenges posed by the COVID-19 pandemic, the company has been navigating through a tumultuous year.
Strength of the US Stock Market in 2021
Despite the uncertainties of the COVID-19 pandemic, the US stock market demonstrated overall strength in 2021. Tony Despirito, an investment expert at BlackRock, highlighted that companies exceeded analyst expectations in terms of both earnings per share and revenue growth, with revenue growth being particularly robust.
Challenges Faced in 2022
Unfortunately, 2022 proved to be a devastating year for the US stock market. "This was an absolutely shocking year with no place to hide," said Aoifinn Devitt, Moneta's chief investment officer. Rate hikes to mitigate inflationary effects, as well as global issues related to war and the ongoing pandemic, were blamed for the downturn in the US stock market and economy.
It is important to note that the information provided in this article should not be considered as financial advice. Shares are considered unsteady when they change more than 3% both up and down within a given timeframe. Individual companies can have different types of shares listed across various stock markets, and different types of shares may yield different results in the market.
Share Price of RiceBran Technologies Stocks in the Week Ending Sept. 2:
| Date | Share Asking Price |
|---|---|
| Sept. 1 | $0.589 |
| Aug. 30 | $0.5123 |
| Aug. 28 | $0.5181 |
