Fevertree Drinks (LON:FEVR) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Fevertree Drinks PLC (LON:FEVR) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 742.11 ($9.87) and traded as high as GBX 800 ($10.64). Fevertree Drinks shares last traded at GBX 789 ($10.49), with a volume of 394,344 shares.

Fevertree Drinks Price Performance

The company has a debt-to-equity ratio of 1.50, a quick ratio of 3.21 and a current ratio of 4.11. The firm has a market capitalization of £1.01 billion, a P/E ratio of 42.00, a price-to-earnings-growth ratio of -4.51 and a beta of 1.07. The business has a fifty day moving average of GBX 742.11 and a 200-day moving average of GBX 721.05.

Fevertree Drinks (LON:FEVR) last issued its quarterly earnings data on Tuesday, March 25th. The company reported GBX 28.01 ($0.37) earnings per share (EPS) for the quarter. Fevertree Drinks had a net margin of 6.05% and a return on equity of 9.30%. On average, sell-side analysts forecast that Fevertree Drinks PLC will post 38.3184173 EPS for the current fiscal year.

Fevertree Drinks Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 15th will be paid a GBX 11.12 ($0.15) dividend. This represents a dividend yield of 1.43%. This is an increase from Fevertree Drinks’s previous dividend of $5.85. The ex-dividend date is Thursday, May 15th. Fevertree Drinks’s dividend payout ratio (DPR) is presently 90.49%.

Insiders Place Their Bets

In other Fevertree Drinks news, insider Andrew Branchflower acquired 31,688 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were acquired at an average cost of GBX 785 ($10.44) per share, for a total transaction of £248,750.80 ($330,741.66). Company 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.