Shares of Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV – Free Report) are scheduled to reverse split before the market opens on Friday, March 28th. The 1-40 reverse split was announced on Monday, March 17th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, March 27th.
Splash Beverage Group Price Performance
Shares of SBEV opened at $0.07 on Thursday. The company’s 50 day simple moving average is $0.18. The company has a market cap of $4.32 million, a P/E ratio of -0.16 and a beta of -1.07. Splash Beverage Group has a 12-month low of $0.06 and a 12-month high of $0.53.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright decreased their target price on Splash Beverage Group from $1.00 to $0.50 and set a “buy” rating on the stock in a research note on Friday, November 29th.
About Splash Beverage Group
Splash Beverage Group, Inc engages in the manufacturing, distribution, marketing, and sale of various beverages in the United States. It is involved in the manufacture and distribution of non-alcoholic and alcoholic beverages; and retail sale of beverages and groceries online through qplash.com. The company's products include flavored tequilas under the SALT Naturally Flavored Tequila name; hydration and energy products under the TapouT Performance name; wine under the Copa DI Vino name; and Pulpoloco Sangria.
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