Fevertree Drinks (LON:FEVR) Shares Pass Above Fifty Day Moving Average – What’s Next?

Fevertree Drinks PLC (LON:FEVR) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 685.64 ($8.53) and traded as high as GBX 748.50 ($9.31). Fevertree Drinks shares last traded at GBX 732 ($9.10), with a volume of 510,764 shares traded.

Fevertree Drinks Trading Down 0.2 %

The company has a current ratio of 4.11, a quick ratio of 3.21 and a debt-to-equity ratio of 5.84. The stock has a market capitalization of £852.79 million, a price-to-earnings ratio of 3,844.74, a price-to-earnings-growth ratio of -4.51 and a beta of 1.07. The business has a 50 day simple moving average of GBX 685.64 and a 200-day simple moving average of GBX 766.77.

Insider Transactions at Fevertree Drinks

In other news, insider Andrew Branchflower acquired 31,688 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was acquired at an average cost of GBX 785 ($9.76) per share, for a total transaction of £248,750.80 ($309,353.07). Insiders own 10.56% of the company’s stock.

About Fevertree Drinks

Fevertree Drinks PLC, together with its subsidiaries, engages in the development and sale of premium mixer drinks in the United Kingdom, the United States, rest of Europe, and internationally. It offers Indian, Mediterranean, summer garden, elderflower, cucumber, damson and sloe berry, rhubarb and raspberry, aromatic, lemon, and Clementine tonic water products; pink grapefruit, soda water, raspberry and orange blossom, Mexican lime, Italian blood orange, white grape and apricot sodas; Silician, premium, and Madagascan cola and lemonades; British apple with garden mint, ginger, Sicilian lemonade, sparkling Mexican lime, Italian white grape and apricot, and light raspberry and rose lemonade softdrinks; and gingers.