Splash Beverage Group Stock Set to Reverse Split on Friday, March 28th (NYSEAMERICAN:SBEV)

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV)’s stock is set to reverse split on the morning of 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 closing bell on Thursday, March 27th.

Splash Beverage Group Stock Performance

Shares of Splash Beverage Group stock opened at $0.07 on Thursday. The stock has a 50-day moving average price of $0.18. The firm has a market capitalization of $4.32 million, a P/E ratio of -0.16 and a beta of -1.07. Splash Beverage Group has a fifty-two week low of $0.06 and a fifty-two week high of $0.53.

Analysts Set New Price Targets

Separately, HC Wainwright decreased their price objective on shares of Splash Beverage Group from $1.00 to $0.50 and set a “buy” rating for the company in a research report on Friday, November 29th.

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.