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

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

Splash Beverage Group Stock Performance

Splash Beverage Group stock opened at $0.09 on Friday. The firm has a market cap of $1.03 million, a PE ratio of -0.22 and a beta of -1.16. The firm’s 50 day moving average price is $0.19 and its two-hundred day moving average price is $0.40. Splash Beverage Group has a twelve month low of $0.09 and a twelve month high of $3.35.

Splash Beverage Group (NYSEAMERICAN:SBEV) last issued its earnings results on Wednesday, May 20th. The company reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($3.20) by $2.73. The firm had revenue of $0.00 million during the quarter, compared to analyst estimates of $4.20 million.

Institutional Inflows and Outflows

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

About Splash Beverage Group

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.