Fevertree Drinks ( (GB:FEVR) ) has shared an announcement.
Fevertree Drinks PLC has announced the repurchase of 99,421 ordinary shares as part of its ongoing share buyback program. The shares were acquired at a weighted average price of 712.7140 pence and are intended to be canceled, reflecting the company’s strategy to enhance shareholder value and optimize its capital structure.
More about Fevertree Drinks
Fevertree Drinks PLC, commonly known as Fever-Tree, operates in the beverage industry, specializing in the production of premium mixers. The company is known for its high-quality tonic waters, ginger ales, and other cocktail mixers, catering primarily to the upscale market segment.
YTD Price Performance: 6.24%
Average Trading Volume: 8,811
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.15B
Learn more about FEVR stock on TipRanks’ Stock Analysis page.