Splash Beverage Group (NYSEAMERICAN:SBEV) Trading Down 9.1% – Here’s What Happened

Shares of Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) were down 9.1% on Wednesday . The company traded as low as $0.28 and last traded at $0.2870. Approximately 3,715,177 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 51,306,196 shares. The stock had previously closed at $0.3159.

Splash Beverage Group Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.04 and a current ratio of 0.04. The stock’s fifty day moving average is $0.28 and its two-hundred day moving average is $0.60. The firm has a market cap of $3.15 million, a price-to-earnings ratio of -0.67 and a beta of -1.18.

Splash Beverage Group (NYSEAMERICAN:SBEV) last released its quarterly earnings data on Wednesday, May 20th. The company reported ($0.47) earnings per share 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 analyst estimates of $4.20 million.

Hedge Funds Weigh In On Splash Beverage Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Susquehanna International Group LLP bought a new position in Splash Beverage Group in the 3rd quarter valued at about $33,000. Citadel Advisors LLC bought a new position in Splash Beverage Group in the 3rd quarter valued at about $29,000. Finally, Qube Research & Technologies Ltd bought a new position in Splash Beverage Group in the 2nd quarter valued at about $46,000. Institutional investors 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.