Celsius (CELH) Downgraded by Zacks Investment Research to “Hold”
Celsius (NASDAQ:CELH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
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. “
Separately, TheStreet cut Celsius from a “c” rating to a “d+” rating in a research report on Friday, December 1st.
Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Wednesday, November 8th. The company reported ($0.04) earnings per share for the quarter. Celsius had a negative net margin of 10.37% and a negative return on equity of 18.23%. The company had revenue of $10.79 million for the quarter. equities analysts forecast that Celsius will post -0.11 earnings per share for the current year.
A hedge fund recently bought a new stake in Celsius stock. Arcus Capital Partners LLC acquired a new stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 559,201 shares of the company’s stock, valued at approximately $2,377,000. Celsius makes up about 1.5% of Arcus Capital Partners LLC’s holdings, making the stock its 9th largest position. Arcus Capital Partners LLC owned 1.23% of Celsius at the end of the most recent reporting period. Institutional investors and hedge funds own 6.22% of the company’s stock.
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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