Remy Cointreau (OTCMKTS:REMYY) Sees Large Volume Increase – Here’s Why

Shares of Remy Cointreau (OTCMKTS:REMYY) saw an uptick in trading volume on Tuesday . 44,033 shares were traded during mid-day trading, an increase of 174% from the previous session’s volume of 16,076 shares.The stock last traded at $4.88 and had previously closed at $4.99.

Analyst Ratings Changes

A number of brokerages have recently issued reports on REMYY. Barclays restated an “underweight” rating on shares of Remy Cointreau in a research note on Thursday, April 9th. UBS Group raised shares of Remy Cointreau from a “sell” rating to a “neutral” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Remy Cointreau Price Performance

The company’s fifty day moving average price is $4.74 and its two-hundred day moving average price is $4.59. 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.