Zacks Investment Research Downgrades Celsius Holdings Inc. (CELH) to Hold

Celsius Holdings Inc. (NASDAQ:CELH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Monday.

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. “

Several other equities research analysts have also recently issued reports on the stock. TheStreet upgraded shares of Celsius Holdings from a “d” rating to a “c” rating in a report on Monday, August 28th. B. Riley restated a “buy” rating and issued a $7.00 target price on shares of Celsius Holdings in a report on Monday, August 21st.

Shares of Celsius Holdings (NASDAQ CELH) opened at $5.40 on Monday. The company has a current ratio of 3.79, a quick ratio of 3.31 and a debt-to-equity ratio of 0.16. Celsius Holdings has a 1 year low of $2.20 and a 1 year high of $7.00.

Celsius Holdings (NASDAQ:CELH) last issued its earnings results on Wednesday, November 8th. The company reported ($0.04) earnings per share (EPS) for the quarter. Celsius Holdings had a negative return on equity of 18.23% and a negative net margin of 10.37%. The company had revenue of $10.79 million during the quarter. analysts forecast that Celsius Holdings will post -0.11 earnings per share for the current fiscal year.

WARNING: This story was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://sportsperspectives.com/2017/11/15/zacks-investment-research-downgrades-celsius-holdings-inc-celh-to-hold.html.

An institutional investor recently bought a new position in Celsius Holdings stock. Arcus Capital Partners LLC purchased a new position in shares of Celsius Holdings Inc. (NASDAQ:CELH) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 559,201 shares of the company’s stock, valued at approximately $2,377,000. Celsius Holdings comprises approximately 1.5% of Arcus Capital Partners LLC’s portfolio, making the stock its 9th biggest holding. Arcus Capital Partners LLC owned approximately 1.23% of Celsius Holdings as of its most recent filing with the Securities and Exchange Commission. 2.34% of the stock is currently owned by institutional investors.

Celsius Holdings Company Profile

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.

Receive News & Ratings for Celsius Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celsius Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply