Innovation Beverage Group (NASDAQ:IBG) Cut to Sell at Wall Street Zen

by · The Markets Daily

Wall Street Zen downgraded shares of Innovation Beverage Group (NASDAQ:IBG – Free Report) from a hold rating to a sell rating in a research note released on Saturday morning.

Innovation Beverage Group Stock Down 1.6%

Shares of NASDAQ IBG opened at $1.86 on Friday. Innovation Beverage Group has a 1-year low of $1.48 and a 1-year high of $9.85. The business’s fifty day moving average price is $2.35 and its two-hundred day moving average price is $2.86.

Institutional Inflows and Outflows

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

About Innovation Beverage Group

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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.

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