New Age Beverages (NBEV) Trading Down 11.4%

New Age Beverages Corp (NASDAQ:NBEV)’s share price traded down 11.4% on Monday . The company traded as low as $3.61 and last traded at $3.72. 6,245,294 shares were traded during trading, an increase of 8% from the average session volume of 5,760,459 shares. The stock had previously closed at $4.20.

NBEV has been the topic of a number of research reports. ValuEngine raised shares of New Age Beverages from a “hold” rating to a “buy” rating in a research note on Friday, September 21st. Zacks Investment Research raised shares of New Age Beverages from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. Maxim Group downgraded shares of New Age Beverages from a “buy” rating to a “hold” rating in a research note on Friday, September 21st. Finally, Northland Securities initiated coverage on shares of New Age Beverages in a research note on Tuesday, September 4th. They issued an “outperform” rating and a $3.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. New Age Beverages presently has a consensus rating of “Buy” and a consensus target price of $3.00.

The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.74 and a current ratio of 1.48.



New Age Beverages (NASDAQ:NBEV) last issued its earnings results on Tuesday, August 14th. The company reported ($0.09) EPS for the quarter. New Age Beverages had a negative net margin of 22.14% and a negative return on equity of 21.60%. The business had revenue of $13.36 million during the quarter. On average, equities analysts expect that New Age Beverages Corp will post -0.2 earnings per share for the current fiscal year.

In other New Age Beverages news, CEO Brent D. Willis bought 78,000 shares of the business’s stock in a transaction dated Friday, August 24th. The shares were acquired at an average price of $1.28 per share, with a total value of $99,840.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert J. Evans bought 100,000 shares of the business’s stock in a transaction dated Friday, August 24th. The stock was acquired at an average cost of $1.28 per share, for a total transaction of $128,000.00. Following the purchase, the director now owns 69,232 shares in the company, valued at approximately $88,616.96. The disclosure for this purchase can be found here. Company insiders own 20.00% of the company’s stock.

An institutional investor recently bought a new position in New Age Beverages stock. Bank of Montreal Can purchased a new stake in shares of New Age Beverages Corp (NASDAQ:NBEV) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 37,800 shares of the company’s stock, valued at approximately $202,000. Bank of Montreal Can owned approximately 0.09% of New Age Beverages at the end of the most recent quarter. Institutional investors own 11.41% of the company’s stock.

New Age Beverages Company Profile (NASDAQ:NBEV)

New Age Beverages Corporation, a healthy functional beverage company, engages in the development, marketing, sales, and distribution of beverages. The company offers ready to drink (RTD) tea, RTD coffee, kombucha, energy drinks, relaxation drinks, coconut waters, functional waters, and rehydration beverages, as well as functional medical beverages.

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