Splash Beverage Group (NYSEAMERICAN:SBEV) Issues Quarterly Earnings Results

Splash Beverage Group (NYSEAMERICAN:SBEV) issued its quarterly earnings results on Wednesday. The company reported ($0.81) earnings per share for the quarter, FiscalAI reports. The company had revenue of ($3.50) million during the quarter.

Splash Beverage Group Stock Down 7.8%

SBEV stock traded down $0.03 during midday trading on Wednesday, hitting $0.34. The stock had a trading volume of 1,317,487 shares, compared to its average volume of 1,783,557. The firm has a market cap of $947,340.00, a price-to-earnings ratio of -0.80 and a beta of -0.93. The business has a 50-day moving average of $0.46 and a two-hundred day moving average of $1.02. Splash Beverage Group has a 52-week low of $0.31 and a 52-week high of $9.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.13 and a quick ratio of 0.07.

Institutional Investors Weigh In On Splash Beverage Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP purchased a new stake in Splash Beverage Group in the third quarter worth $33,000. Citadel Advisors LLC purchased a new stake in Splash Beverage Group in the third quarter worth $29,000. Finally, Qube Research & Technologies Ltd purchased a new stake in Splash Beverage Group in the second quarter worth $46,000. 5.77% of the stock is owned by hedge funds and other institutional investors.

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.