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

Fevertree Drinks PLC (LON:FEVR - Get Free Report)'s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 884.55 ($11.88) and traded as low as GBX 860 ($11.55). Fevertree Drinks shares last traded at GBX 890 ($11.95), with a volume of 211,577 shares trading hands.

Fevertree Drinks Trading Down 0.8%

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 company has a market capitalization of £1.12 billion, a price-to-earnings ratio of 46.96, a P/E/G ratio of -4.51 and a beta of 1.07. The business's 50-day simple moving average is GBX 884.55 and its 200-day simple moving average is GBX 781.23.

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.