Innovation Beverage Group (NASDAQ:IBG) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Innovation Beverage Group (NASDAQ:IBG) from a sell rating to a hold rating in a research note published on Saturday morning.

Innovation Beverage Group Stock Performance

IBG stock opened at $3.73 on Friday. The company’s 50 day moving average price is $9.78 and its 200 day moving average price is $13.07. Innovation Beverage Group has a fifty-two week low of $3.27 and a fifty-two week high of $49.25.

Innovation Beverage Group (NASDAQ:IBG) last posted its quarterly earnings results on Monday, December 29th. The company reported ($2.86) EPS for the quarter. The business had revenue of $1.22 million for the quarter. Equities analysts anticipate that Innovation Beverage Group will post -0.16 earnings per share for the current fiscal year.

Institutional Trading of Innovation Beverage Group

An institutional investor recently bought a new position in Innovation Beverage Group stock. Bank of America Corp DE acquired a new position in shares of Innovation Beverage Group Limited (NASDAQ:IBG) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,630 shares of the company’s stock, valued at approximately $38,000. Bank of America Corp DE owned approximately 0.52% of Innovation Beverage Group as of its most recent filing with the SEC.

Innovation Beverage Group Company Profile

Innovation Beverage Group is a publicly traded beverage holding company that acquires, revitalizes and grows non-alcoholic drink brands. Through its wholly owned subsidiaries, the company focuses on sourcing high-quality ingredients, contract manufacturing, packaging and distribution for a diversified portfolio of products that span fruit juices, flavored waters, functional and nutritional beverages.

The company’s operations encompass product development, supply chain management and go-to-market support.