Is A Rally Coming? Newage Inc (NASDAQ:NBEV) Closes Acquisition

Newage Inc (NASDAQ:NBEV) is trading with mild gains in the pre-market session  after the news on Thursday.

NewAge Closes Acquisition of Japan-Based Aliven, Inc.

  • today announced that it acquired the business of Japan-based Aliven, Inc., which is expected to add over $20 million in net revenue and more than $3 million in annual EBITDA to one of NewAge’s largest core global markets.
  • Established 15 years ago, Aliven, Inc. is one of the Japan’s most well-respected companies in the industry and sells a portfolio of differentiated healthy products including Skin Care Products infused with cultured stem cells, Nutritional Products, and their patented Invel® Far-Infrared Technology Products that were demonstrated in human trials to stimulate nitric oxide production for increased blood flow and muscle recovery and reduction of localized pain.
  • Aliven is anticipated to bring over $20 million in annualized net revenue and more than $3 million in annual EBITDA to NewAge. In addition to the expected top and bottom-line contributions, Aliven has more than 100,000 customers and independent representatives to add to the group of talented and dedicated leaders at NewAge.

Market Action

As of 8:26, NBEV stock jumped $0.05 or 2% to $2.54. So far the stock has traded 17K shares traded hands.

Moving Averages

+/- EMA(20)2.27 (+9.69%)
+/- SMA(50)2.38 (+4.62%)
+/- SMA(200)2.60 (-4.23%)

Performances

5-DAY PERF.+5.51%
1-MONTH PERF.+13.70%
3-MONTH PERF.-14.43%
6-MONTH PERF.-24.77%
YTD PERF.-5.32%
1-YEAR PERF.+62.75%

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