Fevertree Drinks (LON:FEVR) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Fevertree Drinks PLC (LON:FEVR)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 837.47 and traded as low as GBX 834. Fevertree Drinks shares last traded at GBX 844.50, with a volume of 3,462,251 shares.

Wall Street Analyst Weigh In

A number of research firms recently commented on FEVR. Jefferies Financial Group lifted their price target on shares of Fevertree Drinks from GBX 1,080 to GBX 1,100 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Berenberg Bank reissued a “hold” rating and issued a GBX 780 price objective on shares of Fevertree Drinks in a research note on Monday, September 14th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Fevertree Drinks presently has an average rating of “Hold” and an average target price of GBX 920.

Fevertree Drinks Stock Down 2.5%

The company has a current ratio of 3.16, a quick ratio of 3.21 and a debt-to-equity ratio of 1.89. The company has a 50-day simple moving average of GBX 840.17 and a 200 day simple moving average of GBX 815.78. The company has a market cap of £948.91 million, a P/E ratio of 45.70, a P/E/G ratio of -4.51 and a beta of 1.14.

Fevertree Drinks (LON:FEVR) last released its earnings results on Thursday, September 10th. The company reported GBX 9.50 earnings per share for the quarter. Fevertree Drinks had a return on equity of 11.88% and a net margin of 7.29%. On average, equities analysts anticipate that Fevertree Drinks PLC will post 38.3184173 EPS for the current year.

Insiders Place Their Bets

In related news, insider Domenico De Lorenzo acquired 44,674 shares of the stock in a transaction on Friday, September 11th. The stock was bought at an average cost of GBX 780 per share, with a total value of £348,457.20. 13.09% of the stock is owned by insiders.

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.