Fevertree Drinks ( (GB:FEVR) ) has issued an announcement.
Fevertree Drinks PLC announced the repurchase of 101,033 ordinary shares as part of its ongoing buyback program, with the intention to cancel these shares. This move, executed through Investec Bank, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.
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, ginger ales, and other mixers, catering to a market that values premium and natural ingredients.
YTD Price Performance: 13.91%
Average Trading Volume: 9,496
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.2B
For detailed information about FEVR stock, go to TipRanks’ Stock Analysis page.