Splash Beverage Group (NYSEAMERICAN:SBEV) Shares Up 2.6% – Here’s What Happened

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV)’s share price shot up 2.6% on Friday . The stock traded as high as $0.23 and last traded at $0.22. 1,502,537 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 9,235,176 shares. The stock had previously closed at $0.21.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reduced 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 Trading Up 2.6 %

The company has a market cap of $13.29 million, a P/E ratio of -0.50 and a beta of -1.16.

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.