Celsius (NASDAQ:CELH) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors 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. “

Other equities analysts also recently issued research reports about the stock. B. Riley reduced their target price on shares of Celsius from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, August 7th. Maxim Group reiterated a “buy” rating and issued a $8.00 target price on shares of Celsius in a research note on Friday, August 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.00.

CELH opened at $3.80 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.46 and a current ratio of 1.92. Celsius has a twelve month low of $3.05 and a twelve month high of $6.05.

Celsius (NASDAQ:CELH) last posted its earnings results on Thursday, November 8th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.07). The business had revenue of $16.57 million during the quarter, compared to analysts’ expectations of $11.72 million. Celsius had a negative return on equity of 75.43% and a negative net margin of 33.17%. As a group, analysts anticipate that Celsius will post -0.25 EPS for the current year.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. grew its stake in Celsius by 3.0% during the third quarter. BlackRock Inc. now owns 1,140,738 shares of the company’s stock valued at $4,596,000 after acquiring an additional 33,016 shares in the last quarter. Northern Trust Corp grew its stake in Celsius by 842.1% during the second quarter. Northern Trust Corp now owns 233,187 shares of the company’s stock valued at $1,073,000 after acquiring an additional 208,434 shares in the last quarter. Millennium Management LLC grew its stake in Celsius by 146.6% during the first quarter. Millennium Management LLC now owns 214,262 shares of the company’s stock valued at $932,000 after acquiring an additional 127,388 shares in the last quarter. Anchor Capital Advisors LLC grew its stake in Celsius by 473.0% during the second quarter. Anchor Capital Advisors LLC now owns 200,092 shares of the company’s stock valued at $920,000 after acquiring an additional 165,172 shares in the last quarter. Finally, Granite Investment Partners LLC purchased a new position in Celsius during the second quarter valued at approximately $458,000. 20.93% of the stock is owned by institutional investors.

Celsius Company Profile

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

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