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

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) shares are set to reverse split before the market opens on 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

NYSEAMERICAN SBEV opened at $2.80 on Monday. The company has a fifty day moving average price of $0.23. Splash Beverage Group has a one year low of $0.06 and a one year high of $0.53. The firm has a market cap of $172.79 million, a P/E ratio of -6.51 and a beta of -1.07.

Wall Street Analyst Weigh In

Separately, HC Wainwright dropped their target price on shares of Splash Beverage Group from $1.00 to $0.50 and set a “buy” rating for the company in a 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.