Fevertree Drinks ( (GB:FEVR) ) has provided an update.
Fevertree Drinks PLC has announced the repurchase of 50,341 ordinary shares as part of its buyback program, with the intention to cancel these shares. This move, executed through Investec Bank plc, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
More about Fevertree Drinks
Fevertree Drinks PLC operates in the beverage industry, primarily focusing on the production and distribution of premium mixers. The company is known for its high-quality tonic waters and other mixer products, catering to both domestic and international markets.
YTD Price Performance: 13.67%
Average Trading Volume: 8,810
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.23B
For detailed information about FEVR stock, go to TipRanks’ Stock Analysis page.