Northland Securities analyst Michael Grondahl maintained a Hold rating on New Age Beverages (NBEV) today. The company’s shares closed last Friday at $1.57, close to its 52-week low of $0.99.
According to TipRanks.com, Grondahl is a 2-star analyst with an average return of 0.0% and a 44.8% success rate. Grondahl covers the Financial sector, focusing on stocks such as Altisource Portfolio Solutions SA, WisdomTree Investments, and Front Yard Residential.
The word on The Street in general, suggests a Hold analyst consensus rating for New Age Beverages.
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Based on New Age Beverages’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $59.23 million and GAAP net loss of $65.85 million. In comparison, last year the company earned revenue of $14 million and had a GAAP net loss of $2.61 million.
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New Age Beverages Corp. is a beverage company, which engages in the development, marketing, sales and distribution of Ready-to-Drink beverages. Its brands include Marley, Xing, Bucha, CoCo libre and WaterisLife. The company was founded by Neil Fallon on April 26, 2010 and is headquartered in Denver, CO.