Splash Beverage Group Stock Set to Reverse Split on Monday, July 27th (NYSEAMERICAN:SBEV)

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV)’s stock is set to reverse split on Monday, July 27th. The 1-4 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, July 26th.

Splash Beverage Group Price Performance

Shares of SBEV stock traded down $0.00 on Wednesday, hitting $0.10. 1,298,063 shares of the company’s stock were exchanged, compared to its average volume of 13,005,353. Splash Beverage Group has a 12 month low of $0.10 and a 12 month high of $3.35. The stock has a market cap of $1.13 million, a P/E ratio of -0.24 and a beta of -1.16. The company has a 50 day moving average of $0.20 and a 200 day moving average of $0.42.

Splash Beverage Group (NYSEAMERICAN:SBEV) last posted its quarterly earnings results on Wednesday, May 20th. The company reported ($0.47) earnings per share for the quarter, beating analysts’ consensus estimates of ($3.20) by $2.73. The company 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

Institutional investors and hedge funds have recently bought and sold shares of the company. Susquehanna International Group LLP acquired a new stake in shares of Splash Beverage Group during the third quarter valued at about $33,000. Citadel Advisors LLC acquired a new position in shares of Splash Beverage Group in the third quarter valued at approximately $29,000. Finally, Qube Research & Technologies Ltd bought a new position in Splash Beverage Group in the 2nd quarter valued at approximately $46,000. Institutional investors and hedge funds own 5.77% of the company’s stock.

Splash Beverage Group Company Profile

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.