New Age Beverages Corp (NASDAQ:NBEV)’s share price gapped up before the market opened on Friday . The stock had previously closed at $1.75, but opened at $2.56. New Age Beverages shares last traded at $3.17, with a volume of 9614300 shares changing hands.
Several equities analysts recently commented on NBEV shares. Zacks Investment Research cut shares of New Age Beverages from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Maxim Group cut their target price on shares of New Age Beverages from $7.50 to $6.00 and set a “buy” rating for the company in a research note on Friday, November 17th. Finally, Aegis reiterated a “buy” rating on shares of New Age Beverages in a research note on Monday, December 4th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $5.63.
The company has a quick ratio of 1.26, a current ratio of 2.21 and a debt-to-equity ratio of 0.11.
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New Age Beverages Company Profile
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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