Fevertree Drinks (LON:FEVR) Stock Passes Above 50-Day Moving Average - Here's What Happened

Key Points

• Fevertree Drinks PLC stock crossed above its 50-day moving average, reaching a high of GBX 942 ($12.77) before closing at GBX 931.45 ($12.62) with a trading volume of 572,642 shares.
• The company has solid liquidity ratios, with a quick ratio of 3.21 and a current ratio of 4.11, indicating a strong financial position.
• Fevertree Drinks has a market capitalization of £1.19 billion and a P/E ratio of 49.58, reflecting its growth potential despite being slightly down by 0.3% on the trading day.

Shares of Fevertree Drinks PLC (LON:FEVR - Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 924.81 ($12.48) and traded as high as GBX 942 ($12.71). Fevertree Drinks shares last traded at GBX 931.45 ($12.57), with a volume of 572,642 shares trading hands.

Fevertree Drinks Stock Down 9.9%

The firm has a 50 day simple moving average of GBX 927.16 and a two-hundred day simple moving average of GBX 831.94. The company has a market capitalization of £1.08 billion, a PE ratio of 45.25, a P/E/G ratio of -4.51 and a beta of 1.07. The company has a current ratio of 4.11, a quick ratio of 3.21 and a debt-to-equity ratio of 1.50.

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.