SodaStream International Ltd. (SODA) Sees Large Volume Increase
Shares of SodaStream International Ltd. (NASDAQ:SODA) saw strong trading volume on Friday . 598,224 shares were traded during trading, an increase of 91% from the previous session’s volume of 313,863 shares.The stock last traded at $23.90 and had previously closed at $22.30.
SODA has been the topic of several recent research reports. Zacks Investment Research cut SodaStream International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 20th. Jefferies Group increased their price objective on SodaStream International from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Thursday, May 12th. Roth Capital reaffirmed a “buy” rating on shares of SodaStream International in a research report on Thursday, May 12th. Finally, Susquehanna reaffirmed a “neutral” rating on shares of SodaStream International in a research report on Tuesday, June 21st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $18.86.
The company has a market capitalization of $492.69 million and a price-to-earnings ratio of 40.89. The stock’s 50 day moving average price is $20.90 and its 200-day moving average price is $16.15.
SodaStream International (NASDAQ:SODA) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.18. The company had revenue of $100.90 million for the quarter, compared to analyst estimates of $89.42 million. During the same quarter in the previous year, the business posted $0.40 earnings per share. SodaStream International’s revenue was up 11.7% on a year-over-year basis. Equities research analysts predict that SodaStream International Ltd. will post $0.92 EPS for the current fiscal year.
SodaStream International Ltd. (SodaStream) is a sparkling water company. The Company manufactures, distributes and sells home beverage carbonation systems, which enable consumers to transform ordinary tap water into sparkling water and flavored sparkling water in seconds. It develops, manufactures and sells sparkling water makers and exchangeable carbon-dioxide cylinders, as well as consumables, consisting of carbon-dioxide refills, reusable carbonation bottles and flavors to add to the sparkling water.
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