News articles about New Age Beverages (NASDAQ:NBEV) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. New Age Beverages earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 44.598346169002 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
NBEV has been the subject of several analyst reports. Zacks Investment Research downgraded New Age Beverages from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. Maxim Group dropped their price objective on New Age Beverages from $7.50 to $6.00 and set a “buy” rating on the stock in a research report on Friday, November 17th. Finally, Aegis reaffirmed a “buy” rating on shares of New Age Beverages in a research report on Monday, December 4th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $5.63.
New Age Beverages (NASDAQ:NBEV) opened at $2.88 on Friday. The company has a quick ratio of 1.26, a current ratio of 2.21 and a debt-to-equity ratio of 0.11. New Age Beverages has a 12-month low of $1.80 and a 12-month high of $7.20.
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About New Age Beverages
The New Age Beverage Corporation, formerly Bucha, Inc, is a healthy functional beverage company. The Company is the owner of XingTea, XingEnergy, Aspen Pure and the Bucha Live Kombucha brands. The Company’s bucha Live Kombucha is a gluten free, organic certified, sparkling kombucha tea and is distributed in health and grocery chains across North America.
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