Fevertree Drinks (LON:FEVR) Share Price Crosses Above 50-Day Moving Average - Here's What Happened

Key Points

• Fevertree Drinks' stock has recently surpassed its 50-day moving average of GBX 905.64, trading as high as GBX 971.
• The company's current market capitalization stands at £1.20 billion with a P/E ratio of 50.09.
• Fevertree Drinks specializes in premium mixer drinks, offering a variety of tonic waters and sodas across multiple regions including the UK and the US.

Fevertree Drinks PLC (LON:FEVR - Get Free Report) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 905.64 ($12.03) and traded as high as GBX 971 ($12.89). Fevertree Drinks shares last traded at GBX 969.15 ($12.87), with a volume of 261,512 shares trading hands.

Fevertree Drinks Trading Down 1.1%

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 stock has a market capitalization of £1.20 billion, a PE ratio of 49.93, a PEG ratio of -4.51 and a beta of 1.07. The stock's 50 day simple moving average is GBX 910.71 and its two-hundred day simple moving average is GBX 810.91.

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.