Splash Beverage Group (NYSEAMERICAN:SBEV) Stock Price Down 6.4%

Shares of Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) dropped 6.4% during trading on Monday . The stock traded as low as $0.32 and last traded at $0.32. Approximately 88,877 shares traded hands during trading, a decline of 51% from the average daily volume of 180,923 shares. The stock had previously closed at $0.34.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reduced their price target on Splash Beverage Group from $2.50 to $1.00 and set a “buy” rating on the stock in a research report on Thursday, April 4th.

Splash Beverage Group Stock Down 6.4 %

The firm has a market cap of $14.45 million, a PE ratio of -0.58 and a beta of -1.22.

Splash Beverage Group (NYSEAMERICAN:SBEV) last announced its quarterly earnings results on Friday, March 29th. The company reported ($0.14) EPS for the quarter. The business had revenue of $2.69 million during the quarter, compared to analysts’ expectations of $5.99 million. Splash Beverage Group had a negative return on equity of 1,659.09% and a negative net margin of 119.37%. On average, analysts forecast that Splash Beverage Group, Inc. will post -0.31 earnings per share for the current year.

Institutional Investors Weigh In On Splash Beverage Group

A hedge fund recently bought a new stake in Splash Beverage Group stock. Atria Wealth Solutions Inc. acquired a new stake in shares of Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 45,500 shares of the company’s stock, valued at approximately $25,000. Atria Wealth Solutions Inc. owned 0.10% of Splash Beverage Group at the end of the most recent quarter. 5.77% of the stock is currently owned by institutional investors.

Splash Beverage Group Company Profile

Splash Beverage Group, Inc engages in the manufacturing, distribution, marketing, and sale of various beverages in the United States. 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.