Splash Beverage Group Shares Scheduled to Reverse Split on Monday, July 27th (NYSEAMERICAN:SBEV)

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) shares are set to reverse split on the morning of Monday, July 27th. The 1-4 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, July 26th.

Splash Beverage Group Price Performance

Shares of SBEV traded down $0.00 during trading hours on Wednesday, hitting $0.10. The company had a trading volume of 1,298,063 shares, compared to its average volume of 25,245,356. The firm has a fifty day moving average price of $0.20 and a 200-day moving average price of $0.42. Splash Beverage Group has a 52-week low of $0.10 and a 52-week high of $3.35.

Splash Beverage Group (NYSEAMERICAN:SBEV) last announced its quarterly earnings results on Wednesday, May 20th. The company reported ($0.47) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($3.20) by $2.73. The firm had revenue of $0.00 million during the quarter, compared to the consensus estimate of $4.20 million.

Institutional Trading of Splash Beverage Group

A number of hedge funds have recently bought and sold shares of SBEV. Citadel Advisors LLC bought a new stake in Splash Beverage Group during the third quarter valued at approximately $29,000. Susquehanna International Group LLP bought a new position in Splash Beverage Group in the third quarter worth approximately $33,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Splash Beverage Group during the 2nd quarter worth $46,000. Hedge funds and other institutional investors own 5.77% of the company’s stock.

Splash Beverage Group Company Profile

Splash Beverage Group, Inc is an emerging growth company engaged in the development, acquisition and marketing of consumer beverage brands. The company focuses on non-alcoholic drinks across multiple categories, including functional hydration products, sparkling water blends and children’s beverages. Splash Beverage Group partners with co-packers and distribution networks to scale production and bring its portfolio to market through retail, on-premise and e-commerce channels.

The company’s product lineup includes Water Joe, a line of coffee-infused sparkling waters designed for consumers seeking both caffeine and refreshment in a single beverage.