Celsius (NASDAQ:CELH) posted its earnings results on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.07), Morningstar.com reports. The company had revenue of $16.57 million for the quarter, compared to the consensus estimate of $11.72 million. Celsius had a negative net margin of 31.73% and a negative return on equity of 47.60%.
Shares of NASDAQ:CELH traded down $0.08 during trading on Friday, hitting $3.92. The company’s stock had a trading volume of 76,560 shares, compared to its average volume of 57,580. Celsius has a 12 month low of $3.05 and a 12 month high of $6.05. The company has a quick ratio of 2.30, a current ratio of 3.11 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $204.49 million, a PE ratio of -392.00 and a beta of 0.38.
Several equities analysts have issued reports on the stock. B. Riley lowered their target price on shares of Celsius from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday, August 7th. Zacks Investment Research cut shares of Celsius from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 9th. Finally, Maxim Group restated a “buy” rating and set a $8.00 target price on shares of Celsius in a research note on Friday, August 10th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Celsius has an average rating of “Hold” and a consensus price target of $7.00.
Large investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. bought a new position in shares of Celsius in the 2nd quarter worth approximately $198,000. Bank of New York Mellon Corp lifted its stake in shares of Celsius by 353.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 58,940 shares of the company’s stock worth $271,000 after purchasing an additional 45,937 shares during the period. Granite Investment Partners LLC bought a new position in shares of Celsius in the 2nd quarter worth approximately $458,000. Anchor Capital Advisors LLC lifted its stake in shares of Celsius by 473.0% in the 2nd quarter. Anchor Capital Advisors LLC now owns 200,092 shares of the company’s stock worth $920,000 after purchasing an additional 165,172 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Celsius by 146.6% in the 1st quarter. Millennium Management LLC now owns 214,262 shares of the company’s stock worth $932,000 after purchasing an additional 127,388 shares during the period. Hedge funds and other institutional investors own 20.93% of the company’s stock.
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Celsius Company Profile
Celsius Holdings, Inc develops, markets, sells, and distributes functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including orange, wild berry, cola, grape, watermelon, grapefruit, cucumber lime, and orange pomegranate; and non-carbonated green tea raspberry/acai, green tea/peach mango, pineapple coconut, watermelon berry, and strawberries and cream.
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