Splash Beverage Group (NYSEAMERICAN:SBEV) Announces Earnings Results

Splash Beverage Group (NYSEAMERICAN:SBEV) announced its earnings results on Wednesday. The company reported ($0.47) EPS for the quarter, beating analysts’ consensus estimates of ($3.20) by $2.73, FiscalAI reports. The company had revenue of $0.00 million for the quarter, compared to analyst estimates of $4.20 million.

Splash Beverage Group Price Performance

NYSEAMERICAN:SBEV traded up $0.01 during trading hours on Wednesday, reaching $0.20. 368,669 shares of the company traded hands, compared to its average volume of 1,651,753. The firm’s 50-day moving average is $0.36 and its 200-day moving average is $0.71. The stock has a market cap of $2.18 million, a P/E ratio of -0.47 and a beta of -1.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.04 and a quick ratio of 0.04. Splash Beverage Group has a 1-year low of $0.19 and a 1-year high of $5.11.

Institutional Investors Weigh In On Splash Beverage Group

A number of large investors have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new stake in shares of Splash Beverage Group during the third quarter worth $29,000. Susquehanna International Group LLP acquired a new stake in shares of Splash Beverage Group during the third quarter worth $33,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Splash Beverage Group during the second quarter worth $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.