Molson Coors Beverage (NYSE:TAP.A) Trading 0.1% Higher – Still a Buy?

Molson Coors Beverage (NYSE:TAP.A) rose 0.1% on Thursday . The stock traded as high as $49.28 and last traded at $47.28. Approximately 292 shares were traded during trading, a decline of 29% from the average daily volume of 411 shares. The stock had previously closed at $47.25.

Molson Coors Beverage Stock Performance

The firm’s 50-day simple moving average is $46.98 and its two-hundred day simple moving average is $50.58.

Molson Coors Beverage (NYSE:TAP.A) last issued its earnings results on Tuesday, November 4th. The company reported $1.67 EPS for the quarter. The business had revenue of $2.97 billion during the quarter.

Molson Coors Beverage Company Profile

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers flavored malt beverages including hard seltzers, craft, and ready to drink beverages. It provides its products under Aspall Cider, Blue Moon, Coors Original, Hop Valley brands, Leinenkugel's, Miller Genuine Draft, Molson Ultra, Sharp's, Staropramen, and Vizzy Hard Seltzer above premier brands; Bergenbier, Borsodi, Carling, Coors Banquet, Coors Light, Jelen, Kamenitza, Miller Lite, Molson Canadian Lager, Molson Dry, Molson Export, and Niksicko, Ozujsko under the premium brands; and Branik, Icehouse, Keystone, Miller High Life, Milwaukee's Best, and Steel Reserve under the economy brands.