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

Fevertree Drinks PLC (LON:FEVR) shares hit a new 52-week low during mid-day 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 changing hands. The stock had previously closed at GBX 684 ($8.67).

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Jefferies Financial Group cut their target price on Fevertree Drinks from GBX 1,150 ($14.58) to GBX 1,000 ($12.68) and set a “hold” rating on the stock in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft cut their target price on Fevertree Drinks from GBX 1,450 ($18.38) to GBX 1,325 ($16.80) and set a “buy” rating on the stock in a research report on Friday, September 13th.

Fevertree Drinks Stock 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 firm has a market capitalization of £795.58 million, a price-to-earnings ratio of 3,621.05, a price-to-earnings-growth ratio of -4.51 and a beta of 1.07. The company has a 50-day moving average of GBX 767.58 and a 200-day moving average of GBX 930.56.

Fevertree Drinks Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were given 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 dividend payout ratio is currently 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.