Fevertree Drinks (LON:FEVR) Shares Up 12.7% - Here's What Happened

Key Points

• Fevertree Drinks PLC's share price increased by 12.7% on Thursday, reaching GBX 873.18 ($11.82), with trading volume surging by 925% compared to the average.
• The company recently announced quarterly earnings of GBX 6.85 per share, with analysts forecasting an EPS of 38.32 for the current year.
• Fevertree Drinks operates in the premium mixer drinks sector both in the UK and internationally, offering a variety of tonic waters and soft drinks.

Fevertree Drinks PLC (LON:FEVR - Get Free Report)'s share price shot up 12.7% on Thursday . The stock traded as high as GBX 873.18 ($11.82) and last traded at GBX 873.18 ($11.82). 6,241,090 shares were traded during mid-day trading, an increase of 925% from the average session volume of 608,808 shares. The stock had previously closed at GBX 775 ($10.49).

Fevertree Drinks Stock Performance

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 firm has a market cap of £1.03 billion, a price-to-earnings ratio of 4,182.25, a price-to-earnings-growth ratio of -4.51 and a beta of 1.07. The company has a fifty day moving average price of GBX 894.42 and a two-hundred day moving average price of GBX 840.35.

Fevertree Drinks (LON:FEVR - Get Free Report) last announced its quarterly earnings data on Thursday, September 11th. The company reported GBX 6.85 earnings per share 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 expect that Fevertree Drinks PLC will post 38.3184173 EPS for the current year.

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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