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 trading on Wednesday . The stock traded as low as GBX 648 ($8.08) and last traded at GBX 658.78 ($8.22), with a volume of 161870 shares traded. The stock had previously closed at GBX 661.50 ($8.25).

Wall Street Analysts Forecast Growth

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

Fevertree Drinks Trading Down 1.4 %

The business’s 50-day moving average price is GBX 698.30 and its two-hundred day moving average price is GBX 821.57. The firm has a market cap of £761.73 million, a price-to-earnings 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.