Splash Beverage Group (NYSEAMERICAN:SBEV) Trading 4.3% Higher – Still a Buy?

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV)’s stock price traded up 4.3% on Monday . The stock traded as high as $0.16 and last traded at $0.16. 192,941 shares traded hands during trading, a decline of 61% from the average session volume of 490,493 shares. The stock had previously closed at $0.15.

Analyst Upgrades and Downgrades

SBEV has been the topic of a number of research reports. Roth Mkm reaffirmed a “buy” rating and issued a $1.00 price target on shares of Splash Beverage Group in a research note on Tuesday, September 3rd. HC Wainwright lowered 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.

Splash Beverage Group Stock Up 4.3 %

The firm has a market capitalization of $9.63 million, a P/E ratio of -0.36 and a beta of -1.23.

Institutional Trading of Splash Beverage Group

An institutional investor recently raised its position in Splash Beverage Group stock. Choreo LLC increased its holdings in shares of Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) by 4,390.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,365,599 shares of the company’s stock after acquiring an additional 1,335,185 shares during the period. Choreo LLC owned about 2.63% of Splash Beverage Group worth $343,000 at the end of the most recent reporting period. 5.77% of the stock is currently owned by hedge funds and other institutional investors.

Splash Beverage Group Company Profile

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.