Splash Beverage Group (NYSEAMERICAN:SBEV) Announces Earnings Results

Splash Beverage Group (NYSEAMERICAN:SBEVGet Free Report) issued its quarterly earnings results on Wednesday. The company reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.20) by $2.73, FiscalAI reports. The business had revenue of $0.00 million during the quarter, compared to analyst estimates of $4.20 million.

Splash Beverage Group Stock Performance

NYSEAMERICAN:SBEV traded up $0.01 during mid-day trading on Wednesday, hitting $0.20. 362,474 shares of the company’s stock traded hands, compared to its average volume of 1,651,560. The firm has a market capitalization of $2.18 million, a price-to-earnings ratio of -0.47 and a beta of -1.08. The firm has a 50 day moving average of $0.36 and a two-hundred day moving average of $0.71. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.01. Splash Beverage Group has a 12 month low of $0.19 and a 12 month high of $5.11.

Institutional Investors Weigh In On Splash Beverage Group

Hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP acquired a new stake in shares of Splash Beverage Group in the third quarter worth $33,000. Citadel Advisors LLC acquired a new stake in Splash Beverage Group in the 3rd quarter worth $29,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Splash Beverage Group in the 2nd quarter worth $46,000. 5.77% of the stock is owned by institutional investors.

Splash Beverage Group Company Profile

(Get Free Report)

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

Earnings History for Splash Beverage Group (NYSEAMERICAN:SBEV)

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