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

Fevertree Drinks PLC (LON:FEVR)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 736.38 ($9.56) and traded as high as GBX 789 ($10.24). Fevertree Drinks shares last traded at GBX 758 ($9.84), with a volume of 622,641 shares changing hands.

Fevertree Drinks Price Performance

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 stock has a market capitalization of £966.06 million, a price-to-earnings ratio of 40.35, a price-to-earnings-growth ratio of -4.51 and a beta of 1.07. The business’s 50 day simple moving average is GBX 736.38 and its 200-day simple moving average is GBX 721.20.

Fevertree Drinks (LON:FEVR) last posted its quarterly earnings data on Tuesday, March 25th. The company reported GBX 28.01 ($0.36) earnings per share (EPS) for the quarter. Fevertree Drinks had a net margin of 6.05% and a return on equity of 9.30%. Research analysts anticipate that Fevertree Drinks PLC will post 38.3184173 earnings per share for the current year.

Fevertree Drinks Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 15th will be paid a dividend of GBX 11.12 ($0.14) per share. This is a boost from Fevertree Drinks’s previous dividend of $5.85. This represents a yield of 1.43%. The ex-dividend date of this dividend is Thursday, May 15th. Fevertree Drinks’s dividend payout ratio is presently 90.49%.

Insider Activity at Fevertree Drinks

In related news, insider Andrew Branchflower bought 31,688 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average cost of GBX 785 ($10.19) per share, for a total transaction of £248,750.80 ($322,885.25). Corporate insiders own 10.56% of the company’s stock.

Fevertree Drinks Company Profile

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.