True Drinks (OTCMKTS:TRUU) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

True Drinks Holdings, Inc (OTCMKTS:TRUU)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.27 and traded as high as $0.3087. True Drinks shares last traded at $0.2850, with a volume of 116,626 shares trading hands.

True Drinks Trading Up 9.6%

The company’s 50-day simple moving average is $0.27 and its 200 day simple moving average is $0.25. The stock has a market cap of $1.42 billion, a P/E ratio of 28.50 and a beta of 10.90.

About True Drinks

True Drinks Holdings, Inc markets and distributes nutritional supplement drinks. The company sells Bazi All Natural Energy, a liquid nutritional supplement drink through drinkbazi.com. It also formulates products containing CBD; and produces and distributes vapor products in approximately 90 countries. The company was formerly known as True Drinks, Inc and changed its name to True Drinks Holdings, Inc in October 2012. True Drinks Holdings, Inc was founded in 2008 and is headquartered in Irvine, California.