Sodastream International Ltd (SODA) Stock Soars as They Announce Listing on the TASE

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Sodastream International Ltd (NASDAQ:SODA) shares are up significantly in pre-market trading this morning, after the company filed a 6-K announcing that they will now be listed on the Tel Aviv Stock Exchange (TASE). This news means that the company will now have a dual listing, as they already have a spot on the NASDAQ.

Sodastream International Ltd (NASDAQ:SODA) hopes that this move will attract more investors since the compay calls Israel their home. The idea that investors trading in Israel can now purchase shares in the company over the TASE could mean more interested buyers in the long-run.

Sodastream International Ltd (NASDAQ:SODA) has had a NASDAQ listing since November of 2010. The stock is up $2.08 or 14.84% in pre-market trading this morning.

The stock closed at $14.02 during the last trading session. It is down 28.72% since May 4, 2015 and is downtrending. It has underperformed the S&P500 by 25.94%.

From a total of 2 analysts covering Sodastream International (NASDAQ:SODA) stock, 0 rate it a “Buy”, 0 a “Sell”, and 2 a “Hold”. This means that 0 of the ratings are positive. The highest target price is $18 while the lowest target price is $16. The mean of all analyst targets is $16.67 which is 18.90% above today’s ($14.02) stock price. Sodastream International was the topic of 3 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on November 5 with a “Hold” rating. Canaccord Genuity maintained SODA stock in a recent report from August 5 with a “Hold” rating.

SodaStream International Ltd. is a sparkling water company. The company has a market cap of $294.96 million. The Firm makes, distributes and sells home beverage carbonation systems, which enable clients to transform ordinary tap water into sparkling water and flavored sparkling water in seconds. It has 286.53 P/E ratio. It develops, makes and sells sparkling water makers and exchangeable carbon-dioxide cylinders, as well as consumables, consisting of carbon-dioxide refills, reusable carbonation bottles and flavors to add to the sparkling water.

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