Zacks Investment Research Lowers Celsius (NASDAQ:CELH) to Sell

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

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 research firms have also issued reports on CELH. TheStreet raised shares of Celsius from a d rating to a c+ rating in a report on Friday, May 31st. Maxim Group reaffirmed a buy rating and issued a $8.00 price target on shares of Celsius in a report on Friday, August 9th.

NASDAQ CELH opened at $4.15 on Tuesday. The firm’s fifty day simple moving average is $4.52 and its two-hundred day simple moving average is $4.15. The company has a quick ratio of 2.07, a current ratio of 3.48 and a debt-to-equity ratio of 0.38. Celsius has a 12-month low of $3.09 and a 12-month high of $5.37.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.01). Celsius had a negative return on equity of 39.40% and a net margin of 8.41%. The firm had revenue of $16.12 million during the quarter, compared to analysts’ expectations of $15.15 million. On average, analysts predict that Celsius will post -0.02 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL purchased a new stake in shares of Celsius during the second quarter valued at $53,000. Virtu Financial LLC purchased a new stake in shares of Celsius during the first quarter valued at $70,000. SG Americas Securities LLC purchased a new stake in shares of Celsius during the first quarter valued at $71,000. Susquehanna International Group LLP purchased a new stake in shares of Celsius during the second quarter valued at $189,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Celsius by 12.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 62,854 shares of the company’s stock valued at $280,000 after buying an additional 7,055 shares during the last quarter. 48.28% of the stock is currently owned by institutional investors and hedge funds.

About Celsius

Celsius Holdings, Inc develops, markets, distributes, and sells functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including carbonated orange, wild berry, cola, grape, kiwi-guava, and watermelon; and non-carbonated green tea raspberry/acai, green tea/peach mango, pineapple coconut, watermelon berry, and strawberries and cream, as well as sparkling grapefruit, cucumber lime, and orange pomegranate under the Celsius name.

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