Splash Beverage Group (NYSEAMERICAN:SBEV – Get Free Report) released its quarterly earnings results on Wednesday. The company reported ($0.77) earnings per share for the quarter, topping analysts’ consensus estimates of ($12.80) by $12.03, FiscalAI reports.
Splash Beverage Group Trading Up 3.6%
Shares of SBEV stock opened at $0.42 on Friday. The company has a market capitalization of $1.64 million, a price-to-earnings ratio of -0.99 and a beta of -1.10. The firm has a 50-day moving average price of $0.60 and a 200 day moving average price of $1.18. Splash Beverage Group has a twelve month low of $0.25 and a twelve month high of $13.40.
Hedge Funds Weigh In On Splash Beverage Group
Institutional investors have recently modified their holdings of the company. Citadel Advisors LLC purchased a new position in shares of Splash Beverage Group during the third quarter valued at approximately $29,000. Susquehanna International Group LLP acquired a new position in Splash Beverage Group in the 3rd quarter valued at $33,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Splash Beverage Group during the 2nd quarter worth $46,000. Institutional investors and hedge funds own 5.77% of the company’s stock.
About Splash Beverage Group
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.
See Also
- Five stocks we like better than Splash Beverage Group
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Receive News & Ratings for Splash Beverage Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splash Beverage Group and related companies with MarketBeat.com's FREE daily email newsletter.
