Fevertree Drinks (OTCMKTS:FQVTF) Shares Up 3.5% – Here’s Why

Fevertree Drinks PLC (OTCMKTS:FQVTF)’s share price shot up 3.5% during mid-day trading on Wednesday . The stock traded as high as $10.40 and last traded at $10.40. 890 shares were traded during trading, a decline of 70% from the average session volume of 2,926 shares. The stock had previously closed at $10.05.

Analyst Ratings Changes

FQVTF has been the topic of several recent analyst reports. Barclays raised Fevertree Drinks from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, February 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Fevertree Drinks in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Fevertree Drinks currently has a consensus rating of “Moderate Buy”.

Fevertree Drinks Stock Down 1.2%

The company’s 50 day moving average price is $10.72 and its 200 day moving average price is $11.15.

About Fevertree Drinks

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.