Celsius (NASDAQ:CELH) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Celsius (NASDAQ:CELH) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “Celsius Holdings, Inc. specializes in commercializing healthier, nutritional functional foods, beverages and dietary supplements. Celsius Holdings, Inc. markets Celsius®, the calorie burner, through its wholly-owned operating subsidiary, Celsius, Inc. The Company sells its products through grocery, drug, convenience, club and mass, and health and fitness channels. The Company’s products are produced in Mooresville, North Carolina, and Monroe, Wisconsin. Celsius, Inc. is dedicated to providing healthier, everyday refreshment through science and innovation. The Company serves customers in the United States and internationally. Celsius Holdings, Inc. is based in Delray Beach, Florida. “

Several other research analysts also recently commented on CELH. TheStreet downgraded shares of Weibo from a b- rating to a c+ rating in a report on Friday, May 31st. Maxim Group restated a buy rating and set a $8.00 price objective on shares of Celsius in a report on Thursday, March 14th.

CELH traded up $0.11 during trading on Wednesday, hitting $4.36. The stock had a trading volume of 101,247 shares, compared to its average volume of 69,622. The stock has a market capitalization of $246.42 million, a price-to-earnings ratio of -18.96 and a beta of 0.90. Celsius has a 12 month low of $3.05 and a 12 month high of $5.00. The company has a current ratio of 3.53, a quick ratio of 2.07 and a debt-to-equity ratio of 0.37. The company has a 50 day simple moving average of $4.03.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, May 9th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.02. The firm had revenue of $14.49 million for the quarter, compared to the consensus estimate of $14.26 million. Celsius had a net margin of 5.97% and a negative return on equity of 59.91%. As a group, research analysts forecast that Celsius will post -0.01 EPS for the current year.

Large investors have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of Celsius during the 1st quarter worth about $70,000. SG Americas Securities LLC bought a new position in shares of Celsius during the 1st quarter worth about $71,000. Rhumbline Advisers increased its holdings in shares of Celsius by 51.2% during the 4th quarter. Rhumbline Advisers now owns 27,300 shares of the company’s stock worth $95,000 after purchasing an additional 9,240 shares during the period. GYL Financial Synergies LLC bought a new position in shares of Celsius during the 4th quarter worth about $347,000. Finally, Geode Capital Management LLC increased its holdings in shares of Celsius by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 175,212 shares of the company’s stock worth $607,000 after purchasing an additional 10,525 shares during the period. Institutional investors own 48.26% of the company’s stock.

Celsius Company Profile

Celsius Holdings, Inc develops, markets, distributes, and sells functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including carbonated orange, wild berry, cola, grape, kiwi-guava, and watermelon; and non-carbonated green tea raspberry/acai, green tea/peach mango, pineapple coconut, watermelon berry, and strawberries and cream, as well as sparkling grapefruit, cucumber lime, and orange pomegranate under the Celsius name.

Further Reading: Beta

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