Splash Beverage Group (NYSEAMERICAN:SBEV) Shares Scheduled to Reverse Split on Friday, March 28th

Shares of Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) are set to reverse split on Friday, March 28th. The 1-40 reverse split was announced on Monday, March 17th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, March 27th.

Splash Beverage Group Price Performance

NYSEAMERICAN SBEV opened at $2.80 on Monday. Splash Beverage Group has a 1 year low of $0.06 and a 1 year high of $0.53. The firm has a market capitalization of $172.79 million, a P/E ratio of -6.51 and a beta of -1.07. The firm’s fifty day simple moving average is $0.23.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lowered their target price on Splash Beverage Group from $1.00 to $0.50 and set a “buy” rating on the stock in a research note on Friday, November 29th.

Splash Beverage Group Company Profile

Splash Beverage Group, Inc engages in the manufacturing, distribution, marketing, and sale of various beverages in the United States. It is involved in the manufacture and distribution of non-alcoholic and alcoholic beverages; and retail sale of beverages and groceries online through qplash.com. 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.