Remy Cointreau (OTCMKTS:REMYY) Shares Down 8% – Here’s Why

Shares of Remy Cointreau (OTCMKTS:REMYY) fell 8% on Wednesday . The company traded as low as $4.72 and last traded at $4.72. 4,714 shares traded hands during trading, a decline of 66% from the average session volume of 13,986 shares. The stock had previously closed at $5.13.

Wall Street Analysts Forecast Growth

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

Remy Cointreau Price Performance

The business has a 50 day moving average price of $4.73 and a 200 day moving average price of $5.10. 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.