Remy Cointreau (OTCMKTS:REMYY) Shares Down 3.6% – Here’s Why

Remy Cointreau (OTCMKTS:REMYY) shares were down 3.6% on Monday . The company traded as low as $4.52 and last traded at $4.52. Approximately 12,751 shares traded hands during trading, a decline of 68% from the average daily volume of 39,436 shares. The stock had previously closed at $4.69.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Morgan Stanley reiterated an “underweight” rating on shares of Remy Cointreau in a research report on Tuesday, August 12th. Citigroup reissued a “buy” rating on shares of Remy Cointreau in a research note on Wednesday, September 3rd. Finally, The Goldman Sachs Group lowered Remy Cointreau to a “neutral” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Remy Cointreau Price Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 2.76 and a quick ratio of 0.32. The business’s 50-day simple moving average is $5.24 and its 200-day simple moving average is $5.61.

About Remy Cointreau

Rémy Cointreau SA, together with its subsidiaries, engages in the production, sale, and distribution of liqueurs and spirits. It operates through Rémy Martin, Liqueurs & Spirits, and Partner Brands segments. The company offers cognacs, liqueurs, single malt whiskies, gins, rums, brandies, wines, and champagnes primarily under the Cointreau, Metaxa, St-Rémy, Mount Gay, Bruichladdich, The Botanist, Westland, Le Domaine des Hautes Glaces, Belle de Brillet, Telmont, Port Charlotte, Octomore, Rémy Martin, and LOUIS XIII brands.