Innovation Beverage Group (NASDAQ:IBG) Earns Buy Rating from Analysts at Litchfield Hills Research

Analysts at Litchfield Hills Research began coverage on shares of Innovation Beverage Group (NASDAQ:IBG) in a research note issued to investors on Thursday,Benzinga reports. The brokerage set a “buy” rating on the stock.

Innovation Beverage Group Price Performance

NASDAQ IBG traded up $0.38 during mid-day trading on Thursday, reaching $1.17. 12,052,795 shares of the stock were exchanged, compared to its average volume of 1,172,517. Innovation Beverage Group has a 1 year low of $0.60 and a 1 year high of $3.35.

About Innovation Beverage Group

Innovation Beverage Group (formerly Australian Boutique Spirits) is an award-winning distillery that produces a variety of brands in-house and imports global brands to sell exclusively to the Australian market through bevmart.com.au. It was recently recognized as the Australian Liqueur Distillery of the year by the Melbourne International Spirits Competition.