Fevertree Drinks (LON:FEVR) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of Fevertree Drinks PLC (LON:FEVR) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 685.64 ($8.51) and traded as high as GBX 748.50 ($9.29). Fevertree Drinks shares last traded at GBX 732 ($9.08), with a volume of 510,764 shares.

Fevertree Drinks Price Performance

The company has a debt-to-equity ratio of 5.84, a current ratio of 4.11 and a quick ratio of 3.21. The company has a 50-day simple moving average of GBX 686.06 and a 200-day simple moving average of GBX 766.43. The stock has a market cap of £838.19 million, a PE ratio of 3,778.95, a PEG ratio of -4.51 and a beta of 1.07.

Insider Activity

In other news, insider Andrew Branchflower acquired 31,688 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average cost of GBX 785 ($9.74) per share, with a total value of £248,750.80 ($308,585.54). Insiders own 10.56% of the company’s stock.

Fevertree Drinks Company Profile

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.