Celsius (NASDAQ:CELH) released its quarterly earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05, Fidelity Earnings reports. Celsius had a net margin of 8.41% and a negative return on equity of 39.40%. The business had revenue of $20.42 million for the quarter, compared to the consensus estimate of $18.29 million.
Shares of CELH stock traded down $0.03 on Friday, hitting $3.95. 267,300 shares of the stock traded hands, compared to its average volume of 120,171. Celsius has a 52 week low of $3.06 and a 52 week high of $5.37. The firm has a market cap of $205.24 million, a price-to-earnings ratio of -17.17 and a beta of 0.90. The firm has a 50 day simple moving average of $3.39 and a two-hundred day simple moving average of $3.98. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.48 and a quick ratio of 2.35.
Several research analysts have weighed in on CELH shares. ValuEngine downgraded shares of Celsius from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Zacks Investment Research upgraded shares of Celsius from a “sell” rating to a “hold” rating in a research report on Friday. Maxim Group set a $8.00 price objective on shares of Celsius and gave the company a “buy” rating in a research report on Wednesday, September 18th. Finally, B. Riley set a $10.00 price objective on shares of Celsius and gave the company a “buy” rating in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $7.75.
In other Celsius news, major shareholder Carl Desantis acquired 500,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was acquired at an average cost of $3.60 per share, with a total value of $1,800,000.00. Also, Director William H. Milmoe acquired 555,555 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was acquired at an average cost of $3.60 per share, with a total value of $1,999,998.00. Company insiders own 38.30% 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.
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