Fevertree Drinks (LON:FEVR) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Fevertree Drinks PLC (LON:FEVR)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 861.05 ($10.83) and traded as low as GBX 667.50 ($8.39). Fevertree Drinks shares last traded at GBX 678 ($8.52), with a volume of 396,321 shares traded.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reduced their price target on Fevertree Drinks from GBX 1,450 ($18.23) to GBX 1,325 ($16.66) and set a “buy” rating for the company in a research report on Friday, September 13th.

Fevertree Drinks Trading Down 1.3 %

The company has a debt-to-equity ratio of 5.84, a current ratio of 4.11 and a quick ratio of 3.21. The company has a market cap of £781.57 million, a PE ratio of 3,523.68, a PEG ratio of -4.51 and a beta of 1.07. The firm’s 50 day moving average is GBX 724.21 and its 200 day moving average is GBX 861.05.

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.