Splash Beverage Group (NYSEAMERICAN:SBEV) Stock Price Down 9.8% – Should You Sell?

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) shares fell 9.8% during mid-day trading on Tuesday . The company traded as low as $0.3489 and last traded at $0.3710. 2,663,570 shares traded hands during trading, an increase of 49% from the average session volume of 1,790,140 shares. The stock had previously closed at $0.4114.

Splash Beverage Group Stock Down 9.8%

The company has a current ratio of 0.13, a quick ratio of 0.07 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $0.47 and a 200-day moving average price of $1.03. The firm has a market cap of $1.03 million, a P/E ratio of -0.86 and a beta of -0.93.

Institutional Investors Weigh In On Splash Beverage Group

Several hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP purchased a new stake in shares of Splash Beverage Group in the 3rd quarter worth approximately $33,000. Citadel Advisors LLC purchased a new stake in shares of Splash Beverage Group in the 3rd quarter worth approximately $29,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Splash Beverage Group in the 2nd quarter worth approximately $46,000. Hedge funds and other institutional investors own 5.77% of the company’s stock.

About Splash Beverage Group

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.