Celsius (NASDAQ:CELH) posted its quarterly earnings data on Thursday. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.07), Morningstar.com reports. The firm had revenue of $16.57 million for the quarter, compared to analyst estimates of $11.72 million. Celsius had a negative return on equity of 47.60% and a negative net margin of 31.73%.
Shares of CELH stock traded down $0.08 on Friday, hitting $3.92. 76,560 shares of the stock were exchanged, compared to its average volume of 57,580. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.11 and a quick ratio of 2.30. The stock has a market capitalization of $204.49 million, a P/E ratio of -392.00 and a beta of 0.38. Celsius has a fifty-two week low of $3.05 and a fifty-two week high of $6.05.
Several research firms have recently weighed in on CELH. B. Riley set a $7.00 price objective on Celsius and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research cut Celsius from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 9th. Finally, Maxim Group reaffirmed a “buy” rating and set a $8.00 price objective on shares of Celsius in a research report on Friday, August 10th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $7.00.
Several hedge funds have recently bought and sold shares of CELH. Schwab Charles Investment Management Inc. acquired a new position in shares of Celsius during the second quarter worth about $198,000. Bank of New York Mellon Corp boosted its position in shares of Celsius by 353.3% during the second quarter. Bank of New York Mellon Corp now owns 58,940 shares of the company’s stock worth $271,000 after buying an additional 45,937 shares during the period. Granite Investment Partners LLC acquired a new position in shares of Celsius during the second quarter worth about $458,000. Anchor Capital Advisors LLC boosted its position in shares of Celsius by 473.0% during the second quarter. Anchor Capital Advisors LLC now owns 200,092 shares of the company’s stock worth $920,000 after buying an additional 165,172 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Celsius by 146.6% during the first quarter. Millennium Management LLC now owns 214,262 shares of the company’s stock worth $932,000 after buying an additional 127,388 shares during the period. 20.93% of the stock is owned by institutional investors.
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Celsius Holdings, Inc develops, markets, sells, and distributes functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including orange, wild berry, cola, grape, watermelon, grapefruit, cucumber lime, and orange pomegranate; and non-carbonated green tea raspberry/acai, green tea/peach mango, pineapple coconut, watermelon berry, and strawberries and cream.
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