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

Splash Beverage Group (NYSEAMERICAN:SBEV) released its earnings results on Wednesday. The company reported ($0.77) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($12.80) by $12.03, FiscalAI reports.

Splash Beverage Group Stock Up 2.9%

Shares of SBEV stock opened at $0.41 on Thursday. Splash Beverage Group has a 12 month low of $0.25 and a 12 month high of $13.40. The company’s fifty day simple moving average is $0.61 and its 200-day simple moving average is $1.20. The firm has a market cap of $1.58 million, a PE ratio of -0.95 and a beta of -1.10.

Institutional Investors Weigh In On Splash Beverage Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SBEV. Citadel Advisors LLC acquired a new position in Splash Beverage Group in the 3rd quarter valued at about $29,000. Susquehanna International Group LLP acquired a new stake in shares of Splash Beverage Group during the third quarter worth $33,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Splash Beverage Group during the second quarter worth $46,000. 5.77% of the stock is currently owned by institutional investors and hedge funds.

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.