Zevia PBC (NYSE:ZVIA) Trading 1.9% Higher

Shares of Zevia PBC (NYSE:ZVIA) traded up 1.9% during mid-day trading on Tuesday . The stock traded as high as $1.16 and last traded at $1.09. 167,118 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 209,253 shares. The stock had previously closed at $1.07.

Zevia PBC Stock Up 1.9 %

The stock’s 50-day simple moving average is $0.95 and its 200 day simple moving average is $0.96. The firm has a market cap of $78.80 million, a P/E ratio of -2.27 and a beta of 0.66.

Zevia PBC (NYSE:ZVIA) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. The company had revenue of $40.43 million for the quarter, compared to the consensus estimate of $39.59 million. Zevia PBC had a negative return on equity of 44.31% and a negative net margin of 16.98%. During the same period in the previous year, the business earned ($0.08) EPS. On average, research analysts forecast that Zevia PBC will post -0.36 earnings per share for the current fiscal year.

Institutional Trading of Zevia PBC

An institutional investor recently raised its position in Zevia PBC stock. Renaissance Technologies LLC increased its stake in shares of Zevia PBC (NYSE:ZVIA) by 128.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,300 shares of the company’s stock after acquiring an additional 39,000 shares during the quarter. Renaissance Technologies LLC owned approximately 0.10% of Zevia PBC worth $47,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 53.21% of the company’s stock.

About Zevia PBC

Zevia PBC, a beverage company, develops, markets, sells, and distributes various carbonated beverages in the United States and Canada. It offers soda, energy drinks, organic tea, and kidz drinks. The company offers its products through a network of food, drug, warehouse club, mass, natural, convenience, and e-commerce channels, as well as grocery distributors and natural product stores and specialty outlets.