Fevertree Drinks (LON:FEVR) Trading 15.3% Higher on Insider Buying Activity

Fevertree Drinks PLC (LON:FEVR)’s share price shot up 15.3% during mid-day trading on Thursday after an insider bought additional shares in the company. The stock traded as high as GBX 811.50 ($10.06) and last traded at GBX 758.50 ($9.40). 7,926,374 shares traded hands during mid-day trading, an increase of 652% from the average session volume of 1,053,455 shares. The stock had previously closed at GBX 658 ($8.15).

Specifically, insider Andrew Branchflower purchased 31,688 shares of Fevertree Drinks stock in a transaction dated Thursday, January 30th. The shares were acquired at an average cost of GBX 785 ($9.73) per share, with a total value of £248,750.80 ($308,279.59).

Fevertree Drinks Price Performance

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 company’s fifty day moving average is GBX 681.40 and its two-hundred day moving average is GBX 775.20. The stock has a market cap of £933.92 million, a price-to-earnings ratio of 4,210.53, a P/E/G ratio of -4.51 and a beta of 1.07.

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.