Fevertree Drinks (LON:FEVR) Shares Cross Above Fifty Day Moving Average - Here's What Happened

Shares of Fevertree Drinks PLC (LON:FEVR - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 853.78 ($11.71) and traded as high as GBX 919 ($12.61). Fevertree Drinks shares last traded at GBX 889 ($12.20), with a volume of 342,819 shares trading hands.

Fevertree Drinks Stock Up 2.3%

The stock has a market capitalization of £1.19 billion, a price-to-earnings ratio of 49.50, a price-to-earnings-growth ratio of -4.51 and a beta of 1.07. The firm's 50 day simple moving average is GBX 859.02 and its 200-day simple moving average is GBX 764.72. The company has a current ratio of 4.11, a quick ratio of 3.21 and a debt-to-equity ratio of 1.50.

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.