Fevertree Drinks (LON:FEVR) Reaches New 52-Week Low – Here’s What Happened

Fevertree Drinks PLC (LON:FEVR)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 649.98 ($8.22) and last traded at GBX 688 ($8.71), with a volume of 301541 shares traded. The stock had previously closed at GBX 684 ($8.65).

Wall Street Analyst Weigh In

Several research firms have commented on FEVR. Deutsche Bank Aktiengesellschaft cut their target price on Fevertree Drinks from GBX 1,450 ($18.35) to GBX 1,325 ($16.77) and set a “buy” rating on the stock in a research note on Friday, September 13th. Jefferies Financial Group reduced their target price on shares of Fevertree Drinks from GBX 1,150 ($14.55) to GBX 1,000 ($12.65) and set a “hold” rating for the company in a report on Monday, July 29th.

Fevertree Drinks Price Performance

The company has a debt-to-equity ratio of 5.84, a current ratio of 4.11 and a quick ratio of 3.21. The firm has a 50-day moving average of GBX 758.49 and a 200 day moving average of GBX 920.91. The stock has a market capitalization of £802.00 million, a price-to-earnings ratio of 3,615.79, a PEG ratio of -4.51 and a beta of 1.07.

Fevertree Drinks Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were paid a GBX 5.85 ($0.07) dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a dividend yield of 0.68%. Fevertree Drinks’s dividend payout ratio is presently 8,947.37%.

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.