Splash Beverage Group (NYSEAMERICAN:SBEV) Posts Quarterly Earnings Results, Beats Estimates By $12.03 EPS

Splash Beverage Group (NYSEAMERICAN:SBEV) announced its quarterly earnings data on Wednesday. The company reported ($0.77) earnings per share for the quarter, beating the consensus estimate of ($12.80) by $12.03, FiscalAI reports.

Splash Beverage Group Trading Down 0.3%

NYSEAMERICAN SBEV opened at $0.41 on Thursday. The firm’s 50 day simple moving average is $0.61 and its 200 day simple moving average is $1.20. The firm has a market capitalization of $1.57 million, a price-to-earnings ratio of -0.95 and a beta of -1.10. Splash Beverage Group has a 1 year low of $0.25 and a 1 year high of $13.40.

Institutional Trading of Splash Beverage Group

Institutional investors and hedge funds have recently modified their holdings of the business. Qube Research & Technologies Ltd acquired a new stake in shares of Splash Beverage Group in the 2nd quarter valued at approximately $46,000. Citadel Advisors LLC acquired a new position in shares of Splash Beverage Group during the third quarter valued at about $29,000. Finally, Susquehanna International Group LLP acquired a new position in Splash Beverage Group during the 3rd quarter worth approximately $33,000. 5.77% of the stock is currently owned by 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.