NBEV has been the subject of several other reports. Zacks Investment Research upgraded shares of New Age Beverages from a hold rating to a buy rating and set a $2.75 price objective for the company in a research report on Wednesday, October 18th. Maxim Group lowered their price target on shares of New Age Beverages from $7.50 to $6.00 and set a buy rating for the company in a report on Friday, November 17th. Finally, TheStreet downgraded shares of New Age Beverages from a c rating to a d+ rating in a report on Monday, August 7th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $5.63.
New Age Beverages (NASDAQ NBEV) opened at $2.17 on Monday. New Age Beverages has a 1 year low of $1.80 and a 1 year high of $7.20. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.21 and a quick ratio of 1.26.
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About New Age Beverages
The New Age Beverage Corporation, formerly Bucha, Inc, is a healthy functional beverage company. The Company is the owner of XingTea, XingEnergy, Aspen Pure and the Bucha Live Kombucha brands. The Company’s bucha Live Kombucha is a gluten free, organic certified, sparkling kombucha tea and is distributed in health and grocery chains across North America.
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