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 - )'s share price was down 8.3% during trading on Wednesday . The company traded as low as GBX 865 ($11.67) and last traded at GBX 865 ($11.67). Approximately 2,208,564 shares traded hands during trading, an increase of 278% from the average daily volume of 584,040 shares. The stock had previously closed at GBX 943 ($12.72).

Fevertree Drinks Trading Down 8.9%

The company has a current ratio of 4.11, a quick ratio of 3.21 and a debt-to-equity ratio of 1.50. The stock has a 50 day simple moving average of GBX 927.16 and a 200-day simple moving average of GBX 831.94. The firm has a market cap of £1.09 billion, a P/E ratio of 45.72, a P/E/G ratio of -4.51 and a beta of 1.07.

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.

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