Zacks Investment Research downgraded shares of Celsius Holdings Inc. (NASDAQ:CELH) from a buy rating to a hold rating in a research note issued to investors on Monday morning.
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. “
CELH has been the topic of a number of other research reports. B. Riley assumed coverage on Celsius Holdings in a report on Tuesday, August 15th. They issued a buy rating and a $7.00 target price on the stock. TheStreet raised Celsius Holdings from a d rating to a c rating in a report on Monday, August 28th.
Celsius Holdings (NASDAQ CELH) traded up $0.12 on Monday, reaching $5.53. The company’s stock had a trading volume of 37,400 shares, compared to its average volume of 65,328. The company has a current ratio of 3.79, a quick ratio of 3.31 and a debt-to-equity ratio of 0.16. Celsius Holdings has a 12-month low of $2.13 and a 12-month high of $7.00.
Celsius Holdings (NASDAQ:CELH) last released its earnings results on Wednesday, November 8th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $10.79 million during the quarter. Celsius Holdings had a negative net margin of 10.37% and a negative return on equity of 18.23%. research analysts expect that Celsius Holdings will post -0.11 EPS for the current fiscal year.
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A hedge fund recently bought a new stake in Celsius Holdings stock. Arcus Capital Partners LLC acquired a new position in shares of Celsius Holdings Inc. (NASDAQ:CELH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 559,201 shares of the company’s stock, valued at approximately $2,377,000. Celsius Holdings makes up about 1.5% of Arcus Capital Partners LLC’s investment portfolio, making the stock its 9th biggest holding. Arcus Capital Partners LLC owned approximately 1.23% of Celsius Holdings as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 2.34% of the company’s stock.
About Celsius Holdings
Celsius Holdings, Inc is engaged in the development, marketing, sale and distribution of functional calorie-burning fitness beverages under the Celsius brand name. The Company’s product range includes Sparkling Grape Rush, Sparkling Watermelon, Sparkling Orange, Sparkling Wild Berry, Sparkling Cola, Raspberry Acai Green Tea, Peach Mango Green Tea, Flo Fusion Orange and Flo Fusion Berry.
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