Fevertree Drinks (LON:FEVR) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Shares of Fevertree Drinks PLC (LON:FEVR) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 729.40 ($9.47) and traded as high as GBX 816 ($10.60). Fevertree Drinks shares last traded at GBX 810 ($10.52), with a volume of 647,099 shares trading hands.

Fevertree Drinks Trading Up 2.7 %

The company has a debt-to-equity ratio of 1.50, a current ratio of 4.11 and a quick ratio of 3.21. The firm’s 50 day moving average price is GBX 729.40 and its 200 day moving average price is GBX 722.38. The stock has a market capitalization of £1.03 billion, a P/E ratio of 43.12, a P/E/G ratio of -4.51 and a beta of 1.07.

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

Fevertree Drinks Increases Dividend

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

Insider Activity at Fevertree Drinks

In other news, insider Andrew Branchflower bought 31,688 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was purchased at an average price of GBX 785 ($10.19) per share, with a total value of £248,750.80 ($323,011.04). 10.56% of the stock is currently owned by company 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.