Pernod Ricard (OTCMKTS:PRNDY) Shares Gap Up – Here’s Why

Pernod Ricard SA (OTCMKTS:PRNDY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $13.66, but opened at $14.36. Pernod Ricard shares last traded at $14.52, with a volume of 285,981 shares changing hands.

Wall Street Analyst Weigh In

PRNDY has been the topic of a number of research analyst reports. Zacks Research raised Pernod Ricard from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. BNP Paribas Exane cut Pernod Ricard from a “hold” rating to a “strong sell” rating in a research note on Monday, January 12th. Finally, Barclays upgraded Pernod Ricard from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 11th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Pernod Ricard has an average rating of “Buy”.

Pernod Ricard Trading Up 9.4%

The company has a current ratio of 1.91, a quick ratio of 0.60 and a debt-to-equity ratio of 0.66. The stock’s fifty day simple moving average is $17.72 and its 200-day simple moving average is $18.54.

Pernod Ricard Company Profile

Pernod Ricard SA produces and sells wines and spirits worldwide. The company offers whiskey, vodka, gin, rum, liqueur and bitters, champagne, tequila and mezcal, and aperitif under the brands 100 Pipers, Aberlour, Absolut, Absolut Elyx, Altos, ARARAT, Augier, Avion, Ballantine's, Becherovka, Beefeater, Blenders Pride, Brancott Estate, Campo Viejo, Ceder's, Chivas, Church Road, Clan Campbell, Del Maguey, George Wyndham, Green Spot, Havana Club, Imperial, Imperial Blue, Italicus, J.P. Wiser's, Jacob's Creek, Jameson, Jefferson's, Kahlúa, Kenwood, KI NO BI, Lillet, Long John, L'Orbe, Lot No.