New Age Beverages (NASDAQ:NBEV) had its target price lowered by Maxim Group from $6.00 to $5.00 in a research report sent to investors on Wednesday morning. The firm currently has a buy rating on the stock.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded New Age Beverages from a sell rating to a hold rating in a report on Tuesday, January 16th. ValuEngine upgraded New Age Beverages from a hold rating to a buy rating in a report on Saturday, April 7th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $5.38.
NBEV stock opened at $1.73 on Wednesday. The stock has a market cap of $67.36, a price-to-earnings ratio of -17.30 and a beta of 4.85. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.21 and a quick ratio of 1.26. New Age Beverages has a 1 year low of $1.62 and a 1 year high of $7.20.
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About New Age Beverages
New Age Beverages Corporation, a healthy functional beverage company, engages in the development, marketing, sales, and distribution of beverages. It offers ready to drink tea, kombucha, energy drinks, and functional waters under XingTea, XingEnergy, Aspen Pure, and Bucha Live Kombucha brand names. The company offers its products directly, as well as through store delivery distribution systems in the United States and internationally.
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