Remy Cointreau (OTCMKTS:REMYY) Shares Gap Up – Still a Buy?

Remy Cointreau (OTCMKTS:REMYY) shares gapped up before the market opened on Thursday . The stock had previously closed at $4.32, but opened at $4.61. Remy Cointreau shares last traded at $4.71, with a volume of 53,831 shares traded.

Wall Street Analyst Weigh In

REMYY has been the topic of several analyst reports. UBS Group downgraded Remy Cointreau from a “hold” rating to a “sell” rating in a report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Remy Cointreau in a research note on Friday, November 28th. Finally, The Goldman Sachs Group lowered shares of Remy Cointreau to a “neutral” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Remy Cointreau Stock Up 6.5%

The company’s 50-day moving average price is $4.49 and its two-hundred day moving average price is $5.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.79 and a quick ratio of 0.39.

Remy Cointreau Company Profile

Rémy Cointreau is a French spirits group specializing in the production and distribution of premium and super-premium alcoholic beverages. The company’s core activities center on cognacs, liqueurs, single malt Scotch whiskies and innovative craft spirits. Through its integrated production network and dedicated cellar masters, Rémy Cointreau maintains rigorous quality standards from distillation and aging to bottling and distribution.

The group’s flagship brands include Rémy Martin and Louis XIII cognacs, recognized worldwide for their heritage and craftsmanship, as well as Cointreau, a leading triple-sec liqueur.