Fevertree Drinks (LON:FEVR) Hits New 12-Month Low – Should You Sell?

Fevertree Drinks PLC (LON:FEVR)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 699 ($8.99) and last traded at GBX 703.57 ($9.05), with a volume of 511627 shares changing hands. The stock had previously closed at GBX 706 ($9.09).

Wall Street Analysts Forecast Growth

Several research firms recently commented on FEVR. Jefferies Financial Group dropped their price objective on Fevertree Drinks from GBX 1,150 ($14.80) to GBX 1,000 ($12.87) and set a “hold” rating on the stock in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on Fevertree Drinks from GBX 1,450 ($18.66) to GBX 1,325 ($17.05) and set a “buy” rating on the stock in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. dropped their price objective on Fevertree Drinks from GBX 2,720 ($35.00) to GBX 2,650 ($34.10) and set a “neutral” rating on the stock in a research note on Thursday, July 18th.

Fevertree Drinks Price Performance

The business’s fifty day simple moving average is GBX 773.95 and its 200-day simple moving average is GBX 936.57. The company has a current ratio of 4.11, a quick ratio of 3.21 and a debt-to-equity ratio of 5.84. The firm has a market cap of £829.05 million, a P/E ratio of 3,723.68, a PEG ratio of -4.51 and a beta of 1.07.

Fevertree Drinks Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were issued a dividend of GBX 5.85 ($0.08) per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a yield of 0.68%. Fevertree Drinks’s payout ratio is 8,947.37%.

Fevertree Drinks Company Profile

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.