Litchfield Hills Research Begins Coverage on Innovation Beverage Group (NASDAQ:IBG)

Investment analysts at Litchfield Hills Research assumed coverage on shares of Innovation Beverage Group (NASDAQ:IBG) in a report issued on Thursday,Benzinga reports. The brokerage set a “buy” rating on the stock.

Innovation Beverage Group Stock Up 47.9 %

Shares of IBG traded up $0.38 during mid-day trading on Thursday, hitting $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 52-week low of $0.60 and a 52-week 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.