Fevertree Drinks (OTCMKTS:FQVTF) Stock Price Down 1.9% – Here’s Why

Fevertree Drinks PLC (OTCMKTS:FQVTF) was down 1.9% on Wednesday . The stock traded as low as $12.80 and last traded at $12.80. Approximately 1,137 shares traded hands during trading, a decline of 50% from the average daily volume of 2,267 shares. The stock had previously closed at $13.0450.

Analysts Set New Price Targets

Separately, Barclays upgraded Fevertree Drinks from an “equal weight” rating to an “overweight” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Fevertree Drinks Stock Down 1.9%

The firm’s 50 day moving average price is $11.61 and its 200-day moving average price is $11.35.

About Fevertree Drinks

Fevertree Drinks is a London-based producer of premium beverage mixers, best known for its tonic waters, ginger beers and soda waters. The company focuses on crafting high-quality mixers using natural ingredients, positioning its products as artisanal complements to spirits such as gin, vodka and whiskey. Its offerings are designed to deliver a distinctive taste experience and cater to a growing consumer preference for premium, naturally-sourced beverages.

Founded in 2005 by Tim Warrillow and Charles Rolls, Fevertree was born out of a shared vision to elevate the mixer category through better ingredients and flavor.