Molson Coors Beverage (NYSE:TAP.A) Shares Up 8.7% – Should You Buy?

Molson Coors Beverage (NYSE:TAP.AGet Free Report) shares rose 8.7% during mid-day trading on Friday . The company traded as high as $45.22 and last traded at $45.00. Approximately 280 shares were traded during trading, a decline of 46% from the average daily volume of 514 shares. The stock had previously closed at $41.4020.

Molson Coors Beverage Stock Performance

The business has a fifty day moving average of $44.17 and a 200-day moving average of $47.57.

Molson Coors Beverage (NYSE:TAP.AGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.62 earnings per share (EPS) for the quarter. The company had revenue of $2.35 billion for the quarter.

About Molson Coors Beverage

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Molson Coors Beverage Company is a leading global brewer and beverage company with a diverse portfolio of beer, malt beverages and nonalcoholic offerings. Headquartered in Chicago, Illinois, with regional offices in Golden, Colorado and Toronto, Ontario, the company develops, manufactures and sells a wide range of brands to consumers in North America, Europe and select international markets.

The company traces its roots to the 2005 merger of Molson, Canada’s oldest brewery founded in 1786, and Coors, founded in 1873 in Golden, Colorado.

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