New Age Beverage Corporation (NBEV) Earning Somewhat Positive Media Coverage, Study Finds
Media coverage about New Age Beverage Corporation (NASDAQ:NBEV) has been trending somewhat positive on Saturday, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. New Age Beverage Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.9712468823787 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of New Age Beverage Corporation (NBEV) opened at $2.25 on Friday. New Age Beverage Corporation has a twelve month low of $1.80 and a twelve month high of $7.20. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.26 and a current ratio of 2.21.
Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of New Age Beverage Corporation from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a report on Wednesday, August 2nd. Maxim Group dropped their target price on shares of New Age Beverage Corporation from $7.50 to $6.00 and set a “buy” rating for the company in a report on Friday, November 17th. Finally, TheStreet downgraded shares of New Age Beverage Corporation from a “c” rating to a “d+” rating in a report on Monday, August 7th. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $5.63.
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New Age Beverage Corporation Company Profile
The New Age Beverage Corporation, formerly Bucha, Inc, is a healthy functional beverage company. The Company is the owner of XingTea, XingEnergy, Aspen Pure and the Bucha Live Kombucha brands. The Company’s bucha Live Kombucha is a gluten free, organic certified, sparkling kombucha tea and is distributed in health and grocery chains across North America.
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