Splash Beverage Group (NYSEAMERICAN:SBEV) Shares Down 4.6%

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEVGet Free Report)’s share price dropped 4.6% during mid-day trading on Tuesday . The stock traded as low as $0.20 and last traded at $0.22. Approximately 464,172 shares were traded during mid-day trading, an increase of 17% from the average daily volume of 398,282 shares. The stock had previously closed at $0.23.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and issued a $1.00 price target on shares of Splash Beverage Group in a research report on Wednesday, May 22nd.

Read Our Latest Report on Splash Beverage Group

Splash Beverage Group Trading Up 7.8 %

The stock has a market cap of $11.20 million, a price-to-earnings ratio of -0.44 and a beta of -1.31.

Splash Beverage Group (NYSEAMERICAN:SBEVGet Free Report) last announced its earnings results on Wednesday, May 15th. The company reported ($0.10) EPS for the quarter, meeting the consensus estimate of ($0.10). Splash Beverage Group had a negative return on equity of 1,659.09% and a negative net margin of 150.64%. The company had revenue of $1.54 million for the quarter, compared to analyst estimates of $5.21 million. Equities research analysts anticipate that Splash Beverage Group, Inc. will post -0.34 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Splash Beverage Group stock. Atria Wealth Solutions Inc. purchased a new position in Splash Beverage Group, Inc. (NYSEAMERICAN:SBEVFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 45,500 shares of the company’s stock, valued at approximately $25,000. Atria Wealth Solutions Inc. owned about 0.10% of Splash Beverage Group as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 5.77% of the company’s stock.

Splash Beverage Group Company Profile

(Get Free Report)

Splash Beverage Group, Inc engages in the manufacturing, distribution, marketing, and sale of various beverages in the United States. It is involved in the manufacture and distribution of non-alcoholic and alcoholic beverages; and retail sale of beverages and groceries online through qplash.com. The company's products include flavored tequilas under the SALT Naturally Flavored Tequila name; hydration and energy products under the TapouT Performance name; wine under the Copa DI Vino name; and Pulpoloco Sangria.

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