Fevertree Drinks (LON:FEVR) Stock Passes Below 200-Day Moving Average – What’s Next?

Fevertree Drinks PLC (LON:FEVR) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 861.05 ($10.83) and traded as low as GBX 667.50 ($8.39). Fevertree Drinks shares last traded at GBX 678 ($8.52), with a volume of 396,321 shares changing hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft dropped their price target on Fevertree Drinks from GBX 1,450 ($18.23) to GBX 1,325 ($16.66) and set a “buy” rating on the stock in a report on Friday, September 13th.

Fevertree Drinks Stock Down 1.3 %

The stock’s 50-day moving average price is GBX 724.21 and its two-hundred day moving average price is GBX 861.05. The company has a current ratio of 4.11, a quick ratio of 3.21 and a debt-to-equity ratio of 5.84. The stock has a market capitalization of £781.57 million, a P/E ratio of 3,523.68, a P/E/G ratio of -4.51 and a beta of 1.07.

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.