Fevertree Drinks (LON:FEVR) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Fevertree Drinks PLC (LON:FEVR) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 686.23 ($8.66) and traded as high as GBX 748.50 ($9.45). Fevertree Drinks shares last traded at GBX 715 ($9.02), with a volume of 669,513 shares trading hands.

Fevertree Drinks Price Performance

The firm has a market cap of £916.99 million, a PE ratio of 38.30, a price-to-earnings-growth ratio of -4.51 and a beta of 1.07. 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 stock has a 50 day moving average price of GBX 686.23 and a two-hundred day moving average price of GBX 747.46.

Insider Buying and Selling

In related news, insider Andrew Branchflower purchased 31,688 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was bought at an average cost of GBX 785 ($9.91) per share, with a total value of £248,750.80 ($313,920.75). 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.