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Fevertree Drinks (LON:FEVR) Share Price Passes Above 50-Day Moving Average - Here's Why

Fevertree Drinks logo with Consumer Defensive background

Fevertree Drinks PLC (LON:FEVR - Get Free Report)'s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 818.83 ($11.10) and traded as high as GBX 892 ($12.09). Fevertree Drinks shares last traded at GBX 874 ($11.84), with a volume of 206,773 shares.

Fevertree Drinks Trading Up 2.2%

The firm's 50 day moving average price is GBX 818.83 and its 200-day moving average price is GBX 745.58. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.11 and a quick ratio of 3.21. The stock has a market cap of £1.14 billion, a P/E ratio of 47.53, a P/E/G ratio of -4.51 and a beta of 1.07.

Fevertree Drinks (LON:FEVR - Get Free Report) last announced its quarterly earnings data on Tuesday, March 25th. The company reported GBX 28.01 ($0.38) earnings per share (EPS) for the quarter. Fevertree Drinks had a return on equity of 9.30% and a net margin of 6.05%. As a group, equities research analysts forecast that Fevertree Drinks PLC will post 38.3184173 earnings per share for the current year.

Fevertree Drinks Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 15th will be given a GBX 11.12 ($0.15) dividend. This is a positive change from Fevertree Drinks's previous dividend of $5.85. This represents a dividend yield of 1.43%. The ex-dividend date is Thursday, May 15th. Fevertree Drinks's dividend payout ratio is presently 90.49%.

About Fevertree Drinks

(Get Free Report)

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.

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