Remy Cointreau (OTCMKTS:REMYY) Shares Gap Down – Here’s Why

Shares of Remy Cointreau (OTCMKTS:REMYY) gapped down prior to trading on Monday . The stock had previously closed at $5.38, but opened at $5.17. Remy Cointreau shares last traded at $5.1450, with a volume of 2,301 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on REMYY. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Remy Cointreau in a report on Friday, November 28th. The Goldman Sachs Group downgraded shares of Remy Cointreau to a “neutral” rating in a research report on Friday, October 31st. Finally, UBS Group cut shares of Remy Cointreau from a “hold” rating to a “sell” rating in a research report on Wednesday, December 3rd. 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 stock. According to data from MarketBeat, Remy Cointreau presently has an average rating of “Hold”.

Remy Cointreau Stock Down 5.2%

The stock has a 50-day moving average price of $4.67 and a 200-day moving average price of $5.12. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.39 and a current ratio of 2.79.

About Remy Cointreau

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.