Fevertree Drinks (LON:FEVR) Shares Down 8.3% - Here's Why

Key Points

• Fevertree Drinks PLC's share price fell by 8.3% during trading, dropping to GBX 865 ($11.67), with trading volume increasing significantly by 278% compared to the daily average.
• The company currently has a market cap of £1.09 billion and a P/E ratio of 45.72, indicating high valuations amid its recent stock decline.
• Fevertree Drinks specializes in the development and sale of premium mixer drinks, featuring a variety of tonic waters and sodas across multiple international markets.

Fevertree Drinks PLC (LON:FEVR - Get Free Report)'s stock price was down 8.3% during trading on Wednesday . The stock traded as low as GBX 865 ($11.69) and last traded at GBX 865 ($11.69). Approximately 2,208,564 shares were traded during trading, an increase of 278% from the average daily volume of 584,040 shares. The stock had previously closed at GBX 943 ($12.75).

Fevertree Drinks Trading Down 0.2%

The firm's 50 day moving average is GBX 923.90 and its 200 day moving average is GBX 834.67. 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 company has a market cap of £1.07 billion, a PE ratio of 44.82, a PEG ratio of -4.51 and a beta of 1.07.

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.