News coverage about New Age Beverage Corporation (NASDAQ:NBEV) has trended somewhat positive on Monday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. New Age Beverage Corporation earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.7747410591706 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- New Age Beverage Corporation (NBEV) Given Average Rating of “Strong Buy” by Analysts (americanbankingnews.com)
- New Age Beverage Corporation (NBEV) PT Lowered to $6.00 (americanbankingnews.com)
- ETFs with exposure to New Age Beverages Corp. : November 15, 2017 (finance.yahoo.com)
- New Age Beverage Corporation (NBEV) Downgraded to Sell at Zacks Investment Research (americanbankingnews.com)
- New Age Beverages’ (NBEV) CEO Brent Willis on Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
Several research firms have recently weighed in on NBEV. Zacks Investment Research cut New Age Beverage Corporation from a “hold” rating to a “sell” rating in a report on Thursday. TheStreet cut New Age Beverage Corporation from a “c” rating to a “d+” rating in a report on Monday, August 7th. Maxim Group reduced their price target on New Age Beverage Corporation from $7.50 to $6.00 and set a “buy” rating on the stock in a report on Friday. Finally, Roth Capital initiated coverage on New Age Beverage Corporation in a report on Thursday, July 27th. They issued a “buy” rating and a $7.50 target price on the stock. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $5.63.
Shares of New Age Beverage Corporation (NBEV) opened at $2.41 on Monday. New Age Beverage Corporation has a twelve month low of $1.80 and a twelve month 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.
In related news, Director Timothy J. Haas bought 85,000 shares of New Age Beverage Corporation stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average cost of $3.49 per share, for a total transaction of $296,650.00. Following the completion of the acquisition, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $104,700. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 48.59% of the company’s stock.
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About New Age Beverage Corporation
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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