Splash Beverage Group (NYSEAMERICAN:SBEV) Shares Down 17.6% – Here’s Why

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) traded down 17.6% during mid-day trading on Thursday . The stock traded as low as $0.74 and last traded at $0.7443. 449,693 shares changed hands during mid-day trading, an increase of 211% from the average session volume of 144,488 shares. The stock had previously closed at $0.9031.

Splash Beverage Group Stock Up 3.6%

The firm has a 50-day simple moving average of $1.84 and a 200 day simple moving average of $2.57. The company has a market capitalization of $1.97 million, a PE ratio of -1.79 and a beta of -1.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.13 and a quick ratio of 0.06.

Institutional Trading of Splash Beverage Group

Hedge funds have recently made changes to their positions in the company. Qube Research & Technologies Ltd acquired a new stake in shares of Splash Beverage Group during the second quarter valued at about $46,000. Susquehanna International Group LLP bought a new position in Splash Beverage Group during the 3rd quarter valued at $33,000. Finally, Citadel Advisors LLC bought a new stake in shares of Splash Beverage Group in the 3rd quarter worth about $29,000. Hedge funds and other institutional investors own 5.77% of the company’s stock.

Splash Beverage Group Company Profile

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.