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

Shares of Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV – Free Report) are set 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 Trading Down 1.3%

NYSEAMERICAN:SBEV traded down $0.00 on Wednesday, reaching $0.10. 1,298,063 shares of the stock traded hands, compared to its average volume of 13,005,353. The company’s 50 day moving average is $0.20 and its 200-day moving average is $0.42. Splash Beverage Group has a 1-year low of $0.10 and a 1-year high of $3.35. The firm has a market capitalization of $1.13 million, a price-to-earnings ratio of -0.24 and a beta of -1.16.

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Splash Beverage Group (NYSEAMERICAN:SBEV – Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $4.20 million.

Institutional Investors Weigh In On Splash Beverage Group

A number of large investors have recently bought and sold shares of SBEV. Qube Research & Technologies Ltd acquired a new position in shares of Splash Beverage Group during the second quarter valued at about $46,000. Susquehanna International Group LLP acquired a new position in shares of Splash Beverage Group during the third quarter worth approximately $33,000. Finally, Citadel Advisors LLC bought a new position in shares of Splash Beverage Group in the 3rd quarter worth $29,000. 5.77% of the stock is currently owned by institutional investors and hedge funds.

About Splash Beverage Group

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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.

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