An announcement from Fevertree Drinks ( (GB:FEVR) ) is now available.
Fevertree Drinks PLC has repurchased 98,039 of its ordinary shares as part of a buyback program announced earlier this year. The shares were acquired at prices ranging from 726.00 to 739.50 pence and will be canceled, potentially enhancing shareholder value by reducing the total number of shares outstanding. This move is part of Fever-Tree’s strategy to manage its capital structure and could positively impact its market positioning by signaling confidence in the company’s financial health.
More about Fevertree Drinks
Fevertree Drinks PLC, commonly known as Fever-Tree, operates in the beverage industry, specializing in premium mixers. The company is known for its high-quality tonic waters, ginger ales, and other mixers, catering primarily to the upscale segment of the market.
YTD Price Performance: 12.36%
Average Trading Volume: 7,929
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.2B
See more insights into FEVR stock on TipRanks’ Stock Analysis page.