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

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

Splash Beverage Group Trading Down 1.7%

Splash Beverage Group stock opened at $0.40 on Thursday. Splash Beverage Group has a 12-month low of $0.25 and a 12-month high of $13.40. The firm has a market capitalization of $1.55 million, a price-to-earnings ratio of -0.94 and a beta of -1.10. The firm has a 50 day moving average of $0.61 and a 200 day moving average of $1.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SBEV. Qube Research & Technologies Ltd bought a new stake in shares of Splash Beverage Group in the 2nd quarter valued at approximately $46,000. Citadel Advisors LLC purchased a new stake in Splash Beverage Group in the third quarter valued at approximately $29,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Splash Beverage Group in the 3rd quarter worth $33,000. 5.77% of the stock is currently owned by hedge funds and other institutional investors.

Splash Beverage Group Company Profile

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.