Fevertree Drinks (LON:FEVR) Shares Cross Below 200-Day Moving Average - Here's What Happened

Fevertree Drinks PLC (LON:FEVR - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 861.05 ($10.76) and traded as low as GBX 667.50 ($8.34). Fevertree Drinks shares last traded at GBX 678 ($8.47), with a volume of 396,321 shares.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft decreased their target price on Fevertree Drinks from GBX 1,450 ($18.12) to GBX 1,325 ($16.56) and set a "buy" rating for the company in a report on Friday, September 13th.

Fevertree Drinks Stock Down 1.5 %

The stock has a market cap of £779.24 million, a price-to-earnings ratio of 3,513.16, a PEG ratio of -4.51 and a beta of 1.07. The business's 50 day moving average is GBX 722.39 and its 200-day moving average is GBX 858.21. The company has a debt-to-equity ratio of 5.84, a quick ratio of 3.21 and a current ratio of 4.11.

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.