Aegis assumed coverage on shares of New Age Beverages Corp (NASDAQ:NBEV) in a report released on Monday, May 1st. The brokerage issued a buy rating and a $6.25 target price on the stock.
Shares of New Age Beverages Corp (NASDAQ:NBEV) traded up 6.75% during mid-day trading on Monday, reaching $4.27. The company’s stock had a trading volume of 197,728 shares. New Age Beverages Corp has a 12 month low of $0.19 and a 12 month high of $5.84. The company has a 50-day moving average of $4.00 and a 200-day moving average of $3.77. The company’s market cap is $118.28 million.
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In related news, Director Timothy J. Haas acquired 15,000 shares of the firm’s stock in a transaction on Thursday, April 13th. The shares were acquired at an average cost of $3.85 per share, with a total value of $57,750.00. Following the completion of the acquisition, the director now directly owns 3,400 shares in the company, valued at approximately $13,090. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
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