Splash Beverage Group (NYSEAMERICAN:SBEV) Stock Price Down 0.3% – Here’s Why

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV)’s share price was down 0.3% during mid-day trading on Tuesday. The company traded as low as $0.4403 and last traded at $0.47. Approximately 1,580,193 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 6,702,038 shares. The stock had previously closed at $0.4715.

Splash Beverage Group Price Performance

The firm’s 50-day moving average is $0.46 and its 200 day moving average is $0.77. The stock has a market cap of $1.81 million, a price-to-earnings ratio of -1.09 and a beta of -1.10.

Splash Beverage Group (NYSEAMERICAN:SBEV) last posted its quarterly earnings results on Wednesday, August 19th. The company reported ($0.77) earnings per share for the quarter, topping analysts’ consensus estimates of ($12.80) by $12.03.

Splash Beverage Group Company Profile

Splash Beverage Group, Inc is a beverage company that develops, produces, markets and distributes alcoholic and non-alcoholic drinks. Its portfolio is focused on products positioned around sports performance, hydration, convenience and social occasions.

The company’s brands have included TapouT, a line of sports-performance beverages such as hydration and energy drinks; Copa di Vino, which offers single-serve wine; and Pulpoloco, a sangria brand. Splash Beverage Group has also developed other beverage products and brand extensions as it expands across functional, ready-to-drink and alcoholic beverage categories.

Based in Florida, Splash Beverage Group sells its products through distributors, retail outlets and online channels, primarily serving consumers in the United States while pursuing broader distribution opportunities.