Campari Group (OTCMKTS:DVDCF) Sees Large Volume Increase – Still a Buy?

Campari Group (OTCMKTS:DVDCF) shares saw unusually-high trading volume on Wednesday. 10,000 shares changed hands during mid-day trading, an increase of 34% from the average daily volume of 7,437 shares. The stock last traded at $7.10 and had previously closed at $7.40.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded shares of Campari Group from a “hold” rating to a “strong-buy” rating in a report on Monday, September 14th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Campari Group currently has a consensus rating of “Buy”.

Campari Group Stock Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 2.58 and a quick ratio of 1.09. The company’s 50-day moving average is $6.98 and its two-hundred day moving average is $6.92.

About Campari Group

Campari Group, formally Davide Campari-Milano N.V., is a global beverage company focused on premium spirits, wines and non-alcoholic aperitifs. Its portfolio includes internationally recognized brands such as Aperol, Campari, SKYY Vodka, Wild Turkey, Grand Marnier, Espolòn, Cynar, Cinzano, Crodino and The GlenGrant.

The company’s products span aperitifs, tequila, vodka, bourbon and other whiskies, cognac, sparkling wines, vermouth and specialty beverages. Campari Group markets and distributes its brands through a combination of owned production facilities, subsidiaries and commercial partnerships, serving consumers and hospitality customers across numerous international markets.

The business traces its origins to 1860, when Gaspare Campari created the bitter aperitif that became the company’s namesake.