Zacks Investment Research Downgrades Celsius (CELH) to Sell

Zacks Investment Research lowered shares of Celsius (NASDAQ:CELH) from a hold rating to a sell rating in a research report released on Tuesday morning.

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. “

A number of other analysts have also recently issued reports on CELH. ValuEngine raised Celsius from a sell rating to a hold rating in a research report on Friday, February 2nd. B. Riley set a $8.00 target price on Celsius and gave the company a buy rating in a research report on Tuesday, March 6th. Maxim Group began coverage on Celsius in a research report on Thursday, February 1st. They issued a buy rating and a $8.00 target price for the company. Finally, TheStreet cut Celsius from a c rating to a d+ rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Celsius presently has an average rating of Hold and an average price target of $7.33.

Shares of Celsius (NASDAQ:CELH) opened at $5.05 on Tuesday. The stock has a market capitalization of $236.98, a PE ratio of -25.25 and a beta of -0.56. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.19 and a quick ratio of 3.37. Celsius has a 1 year low of $3.32 and a 1 year high of $7.00.

Several hedge funds and other institutional investors have recently made changes to their positions in CELH. Loeb Partners Corp acquired a new stake in shares of Celsius in the 4th quarter valued at about $126,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Celsius in the 4th quarter valued at about $128,000. Monashee Investment Management LLC acquired a new stake in shares of Celsius in the 4th quarter valued at about $146,000. Finally, Millennium Management LLC acquired a new stake in shares of Celsius in the 4th quarter valued at about $456,000. 6.54% of the stock is owned by hedge funds and other institutional investors.

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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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