Somewhat Favorable Press Coverage Somewhat Unlikely to Impact New Age Beverages (NBEV) Share Price

Media headlines about New Age Beverages (NASDAQ:NBEV) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring 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 closest to one being the most favorable. New Age Beverages earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the company an impact score of 44.5172900853699 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

NBEV has been the topic of several research reports. Maxim Group decreased their price objective on shares of New Age Beverages from $7.50 to $6.00 and set a “buy” rating on the stock in a report on Friday, November 17th. Zacks Investment Research upgraded shares of New Age Beverages from a “hold” rating to a “buy” rating and set a $2.75 price objective on the stock in a report on Wednesday, October 18th. Finally, Aegis reiterated a “buy” rating on shares of New Age Beverages in a report on Monday, December 4th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $5.63.

New Age Beverages (NASDAQ NBEV) traded up $0.44 during trading hours on Friday, hitting $3.20. 3,384,800 shares of the company’s stock traded hands, compared to its average volume of 1,650,842. New Age Beverages has a 12-month low of $1.80 and a 12-month high of $7.20. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.26 and a current ratio of 2.21.

New Age Beverages (NASDAQ:NBEV) last released its quarterly earnings data on Tuesday, November 14th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.03). New Age Beverages had a negative net margin of 0.41% and a negative return on equity of 0.58%. analysts predict that New Age Beverages will post 0.06 earnings per share for the current fiscal year.

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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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