Celsius (CELH) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Celsius (NASDAQ:CELH) from a buy rating to a hold rating in a research note published 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 downgraded shares of Celsius from a c rating to a d+ rating in a research note on Friday, December 1st.

Shares of Celsius (NASDAQ:CELH) opened at $5.02 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.31 and a current ratio of 3.79. Celsius has a 12 month low of $2.66 and a 12 month high of $7.00.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results 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 expect that Celsius will post -0.11 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Celsius stock. Arcus Capital Partners LLC purchased a new stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 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 portfolio, making the stock its 9th largest position. Arcus Capital Partners LLC owned about 1.23% of Celsius at the end of the most recent quarter. Hedge funds and other institutional investors own 6.22% of the company’s stock.

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Celsius 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.

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