The latest update is out from Fevertree Drinks ( (GB:FEVR) ).
Fevertree Drinks PLC announced a buyback of 110,957 ordinary shares, executed through Investec Bank plc, with plans to cancel these shares. This move, part of a previously announced buyback program, is likely aimed at consolidating the company’s share capital, potentially enhancing shareholder value and signaling confidence in the company’s financial health.
More about Fevertree Drinks
Fevertree Drinks PLC operates in the beverage industry, primarily focusing on producing premium mixers. The company is known for its high-quality tonic waters and other carbonated mixers, catering to a market that values premium and artisanal drink options.
YTD Price Performance: 21.70%
Average Trading Volume: 7,534
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.29B
Find detailed analytics on FEVR stock on TipRanks’ Stock Analysis page.