Campari Group (OTCMKTS:DVDCF) Shares Gap Down – Here’s Why

Campari Group (OTCMKTS:DVDCF) shares gapped down prior to trading on Tuesday . The stock had previously closed at $7.90, but opened at $7.10. Campari Group shares last traded at $7.10, with a volume of 1,000 shares trading hands.

Wall Street Analyst Weigh In

Separately, Barclays upgraded Campari Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Campari Group has a consensus rating of “Moderate Buy”.

Campari Group Stock Performance

The company has a current ratio of 2.32, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62. The business’s fifty day moving average price is $7.14 and its two-hundred day moving average price is $6.93.

About Campari Group

Campari Group is an Italian-based global beverage company specializing in the production, marketing and distribution of premium spirits and wines. Founded in Milan in 1860 by Gaspare Campari, the company has built a diversified portfolio of iconic brands that span various categories, including aperitifs, liqueurs, vodka, whiskey, rum, gin and ready-to-drink (RTD) cocktails.

The company’s flagship product, Campari, is a bright red, bittersweet aperitif known for its distinctive taste and versatility in classic cocktails such as the Negroni and Americano.