Fevertree Drinks (LON:FEVR) Shares Cross Above 50-Day Moving Average - Here's Why

Key Points

• Fevertree Drinks' stock recently surpassed its fifty-day moving average and traded at a high of GBX 973 ($13.08).
• The company's current market capitalization is £1.23 billion, with a price-to-earnings ratio of 51.21, indicating high investor expectations.
• Fevertree Drinks specializes in the development and sale of premium mixer drinks and operates in various markets including the UK and the US.

Fevertree Drinks PLC (LON:FEVR - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 917.11 ($12.32) and traded as high as GBX 973 ($13.07). Fevertree Drinks shares last traded at GBX 964 ($12.95), with a volume of 227,745 shares trading hands.

Fevertree Drinks Price Performance

The stock has a market capitalization of £1.21 billion, a PE ratio of 50.41, a P/E/G ratio of -4.51 and a beta of 1.07. 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's fifty day simple moving average is GBX 920.03 and its two-hundred day simple moving average is GBX 823.12.

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.