Fevertree Drinks (OTCMKTS:FQVTF) Stock Price Up 3.5% – Still a Buy?

by · The Cerbat Gem

Shares of Fevertree Drinks PLC (OTCMKTS:FQVTF – Get Free Report) shot up 3.5% on Wednesday . The company traded as high as $10.40 and last traded at $10.40. 890 shares traded hands during trading, a decline of 70% from the average session volume of 2,926 shares. The stock had previously closed at $10.05.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FQVTF. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Fevertree Drinks in a research report on Tuesday, February 24th. Barclays upgraded shares of Fevertree Drinks from an “equal weight” rating to an “overweight” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Fevertree Drinks has a consensus rating of “Moderate Buy”.

Get Our Latest Stock Analysis on FQVTF

Fevertree Drinks Stock Up 3.5%

The stock’s fifty day moving average price is $10.74 and its 200 day moving average price is $11.15.

Fevertree Drinks Company Profile

(Get Free Report)

Fevertree Drinks is a London-based producer of premium beverage mixers, best known for its tonic waters, ginger beers and soda waters. The company focuses on crafting high-quality mixers using natural ingredients, positioning its products as artisanal complements to spirits such as gin, vodka and whiskey. Its offerings are designed to deliver a distinctive taste experience and cater to a growing consumer preference for premium, naturally-sourced beverages.

Founded in 2005 by Tim Warrillow and Charles Rolls, Fevertree was born out of a shared vision to elevate the mixer category through better ingredients and flavor.

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