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

Remy Cointreau (OTCMKTS:REMYY) gapped down prior to trading on Thursday . The stock had previously closed at $5.09, but opened at $4.80. Remy Cointreau shares last traded at $4.80, with a volume of 502 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently commented on REMYY shares. Barclays restated an “underweight” rating on shares of Remy Cointreau in a research report on Thursday, April 9th. UBS Group upgraded Remy Cointreau from a “sell” rating to a “neutral” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

Remy Cointreau Price Performance

The company has a quick ratio of 0.34, a current ratio of 3.16 and a debt-to-equity ratio of 0.35. The business’s 50 day simple moving average is $4.79 and its 200 day simple moving average is $4.65.

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.