Fevertree Drinks (LON:FEVR) Sets New 52-Week Low – Here’s What Happened

Fevertree Drinks PLC (LON:FEVR) reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 649.98 ($8.24) and last traded at GBX 688 ($8.72), with a volume of 301541 shares trading hands. The stock had previously closed at GBX 684 ($8.67).

Analyst Upgrades and Downgrades

FEVR has been the subject of a number of research analyst reports. Jefferies Financial Group dropped their price objective on shares of Fevertree Drinks from GBX 1,150 ($14.58) to GBX 1,000 ($12.68) and set a “hold” rating for the company in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Fevertree Drinks from GBX 1,450 ($18.38) to GBX 1,325 ($16.80) and set a “buy” rating for the company in a research note on Friday, September 13th.

Fevertree Drinks Stock Down 0.9 %

The company has a debt-to-equity ratio of 5.84, a quick ratio of 3.21 and a current ratio of 4.11. The firm has a market cap of £795.58 million, a PE ratio of 3,621.05, a PEG ratio of -4.51 and a beta of 1.07. The stock has a fifty day moving average price of GBX 767.58 and a 200-day moving average price of GBX 930.56.

Fevertree Drinks Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were issued a dividend of GBX 5.85 ($0.07) per share. This represents a dividend yield of 0.68%. The ex-dividend date of this dividend was Thursday, September 26th. Fevertree Drinks’s payout ratio is currently 8,947.37%.

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.