Fevertree Drinks (LON:FEVR) Share Price Passes Above 50 Day Moving Average – What’s Next?

Fevertree Drinks PLC (LON:FEVR)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 695.40 ($9.02) and traded as high as GBX 736.50 ($9.55). Fevertree Drinks shares last traded at GBX 725 ($9.40), with a volume of 458,275 shares traded.

Fevertree Drinks Price Performance

The stock’s 50-day moving average price is GBX 695.40 and its 200 day moving average price is GBX 733.43. The company has a quick ratio of 3.21, a current ratio of 4.11 and a debt-to-equity ratio of 1.50. The firm has a market cap of £924.00 million, a price-to-earnings ratio of 38.59, a price-to-earnings-growth ratio of -4.51 and a beta of 1.07.

Insiders Place Their Bets

In related news, insider Andrew Branchflower purchased 31,688 shares of the stock in a transaction on Thursday, January 30th. The shares were purchased at an average cost of GBX 785 ($10.18) per share, for a total transaction of £248,750.80 ($322,592.14). Corporate insiders own 10.56% of the company’s stock.

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.