Celsius (NASDAQ:CELH) Shares Gap Down to $3.60

Celsius Holdings, Inc. (NASDAQ:CELH) shares gapped down before the market opened on Friday . The stock had previously closed at $3.50, but opened at $3.60. Celsius shares last traded at $3.73, with a volume of 13,125 shares.

CELH has been the subject of several analyst reports. TheStreet raised Celsius from a “d” rating to a “c+” rating in a research note on Friday, May 31st. ValuEngine raised Celsius from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research cut Celsius from a “hold” rating to a “sell” rating in a research report on Tuesday, August 13th. 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 9th. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $6.75.

The company has a 50-day moving average price of $4.29 and a 200-day moving average price of $4.17. The firm has a market capitalization of $214.46 million, a price-to-earnings ratio of -16.48 and a beta of 1.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.35 and a current ratio of 3.48.



Celsius (NASDAQ:CELH) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.01). The business had revenue of $16.12 million for the quarter, compared to analyst estimates of $15.15 million. Celsius had a negative return on equity of 39.40% and a net margin of 8.41%. On average, research analysts expect that Celsius Holdings, Inc. will post -0.02 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL acquired a new position in shares of Celsius during the 2nd quarter worth about $53,000. SG Americas Securities LLC purchased a new stake in shares of Celsius in the 1st quarter valued at about $71,000. Susquehanna International Group LLP purchased a new stake in shares of Celsius in the 2nd quarter valued at about $189,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Celsius by 12.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 62,854 shares of the company’s stock valued at $280,000 after purchasing an additional 7,055 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Celsius by 12.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 66,545 shares of the company’s stock valued at $295,000 after purchasing an additional 7,419 shares during the last quarter. 48.55% of the stock is owned by institutional investors and hedge funds.

About Celsius (NASDAQ:CELH)

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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