Fevertree Drinks (LON:FEVR) Sets New 52-Week Low – Here’s What Happened

Shares of Fevertree Drinks PLC (LON:FEVR) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 648 ($8.08) and last traded at GBX 658.78 ($8.22), with a volume of 161870 shares changing hands. The stock had previously closed at GBX 661.50 ($8.25).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft cut their price objective on Fevertree Drinks from GBX 1,450 ($18.09) to GBX 1,325 ($16.53) and set a “buy” rating on the stock in a report on Friday, September 13th.

Fevertree Drinks Stock Down 1.4 %

The firm has a 50-day simple moving average of GBX 698.30 and a 200 day simple moving average of GBX 821.57. The company has a market capitalization of £761.73 million, a PE ratio of 3,434.21, a price-to-earnings-growth ratio of -4.51 and a beta of 1.07. The company has a debt-to-equity ratio of 5.84, a current ratio of 4.11 and a quick ratio of 3.21.

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.