Innovation Beverage Group (NASDAQ:IBG) Trading Down 2% – Should You Sell?

Innovation Beverage Group Limited (NASDAQ:IBG)’s share price dropped 2% during mid-day trading on Wednesday . The stock traded as low as $1.83 and last traded at $1.92. Approximately 47,874 shares were traded during mid-day trading, The stock had previously closed at $1.96.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Innovation Beverage Group to a “hold” rating in a research note on Friday, September 26th.

Innovation Beverage Group Trading Down 2.0%

The business’s 50-day simple moving average is $2.43 and its 200 day simple moving average is $2.88.

Institutional Trading of Innovation Beverage Group

A hedge fund recently bought a new stake in Innovation Beverage Group stock. Bank of America Corp DE purchased a new stake in Innovation Beverage Group Limited (NASDAQ:IBG) during the third quarter, according to its most recent filing with the SEC. The firm purchased 8,630 shares of the company’s stock, valued at approximately $38,000. Bank of America Corp DE owned 0.52% of Innovation Beverage Group at the end of the most recent quarter.

Innovation Beverage Group Company Profile

Innovation Beverage Group is a publicly traded beverage holding company that acquires, revitalizes and grows non-alcoholic drink brands. Through its wholly owned subsidiaries, the company focuses on sourcing high-quality ingredients, contract manufacturing, packaging and distribution for a diversified portfolio of products that span fruit juices, flavored waters, functional and nutritional beverages.

The company’s operations encompass product development, supply chain management and go-to-market support.