Fevertree Drinks ( (GB:FEVR) ) has provided an update.
Fevertree Drinks PLC announced the purchase of 111,021 ordinary shares as part of its share buyback program, with the intention to cancel the acquired shares. This move, executed through Investec Bank, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value, indicating a proactive approach in maintaining its market position.
More about Fevertree Drinks
Fevertree Drinks PLC is a company operating in the beverage industry, primarily known for its premium mixers. The company focuses on providing high-quality tonic waters, ginger ales, and other mixers that complement spirits, catering to both retail and hospitality markets.
YTD Price Performance: 21.66%
Average Trading Volume: 9,671
Technical Sentiment Signal: Buy
Current Market Cap: $1.26B
For detailed information about FEVR stock, go to TipRanks’ Stock Analysis page.