Splash Beverage Group (NYSEAMERICAN:SBEV) Trading Down 4.1% – Here’s Why

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) traded down 4.1% during trading on Friday . The company traded as low as $1.25 and last traded at $1.2750. 64,501 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 3,923,901 shares. The stock had previously closed at $1.33.

Splash Beverage Group Trading Down 4.1%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.07 and a current ratio of 0.13. The firm has a market capitalization of $3.25 million, a P/E ratio of -2.97 and a beta of -1.24. The firm has a 50 day simple moving average of $1.56 and a two-hundred day simple moving average of $2.18.

Splash Beverage Group (NYSEAMERICAN:SBEV) last announced its earnings results on Wednesday, November 19th. The company reported ($4.51) EPS for the quarter, missing the consensus estimate of ($2.80) by ($1.71). The firm had revenue of $0.98 million for the quarter, compared to the consensus estimate of $3.77 million. Equities research analysts forecast that Splash Beverage Group, Inc. will post -0.35 earnings per share for the current year.

Hedge Funds Weigh In On Splash Beverage Group

A number of hedge funds and other institutional investors have recently modified their holdings of SBEV. Qube Research & Technologies Ltd bought a new position in shares of Splash Beverage Group in the second quarter valued at approximately $46,000. Citadel Advisors LLC purchased a new position in Splash Beverage Group in the third quarter worth $29,000. Finally, Susquehanna International Group LLP bought a new position in Splash Beverage Group in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 5.77% of the company’s stock.

About Splash Beverage Group

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.