Wall Street Zen upgraded shares of Innovation Beverage Group (NASDAQ:IBG – Free Report) from a sell rating to a hold rating in a report issued on Saturday morning.
Innovation Beverage Group Trading Down 3.7%
IBG stock opened at $0.83 on Friday. Innovation Beverage Group has a 12-month low of $0.72 and a 12-month high of $36.50. The firm has a 50 day moving average of $1.38 and a 200-day moving average of $6.26.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Innovation Beverage Group stock. Bank of America Corp DE acquired a new position in shares of Innovation Beverage Group Limited (NASDAQ:IBG – Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,630 shares of the company’s stock, valued at approximately $38,000. Bank of America Corp DE owned about 0.52% of Innovation Beverage Group at the end of the most recent reporting period.
About Innovation Beverage Group
Innovation Beverage Group is a publicly traded beverage holding company that acquires, revitalizes and grows non-alcoholic drink brands. Through its wholly owned subsidiaries, the company focuses on sourcing high-quality ingredients, contract manufacturing, packaging and distribution for a diversified portfolio of products that span fruit juices, flavored waters, functional and nutritional beverages.
The company’s operations encompass product development, supply chain management and go-to-market support.
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