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

Pernod Ricard SA (OTCMKTS:PRNDY) shares gapped up before the market opened on Friday . The stock had previously closed at $14.85, but opened at $15.48. Pernod Ricard shares last traded at $15.1450, with a volume of 10,629 shares.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Pernod Ricard from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Pernod Ricard Price Performance

The firm’s 50 day moving average price is $14.63 and its two-hundred day moving average price is $16.09. The company has a quick ratio of 0.83, a current ratio of 2.33 and a debt-to-equity ratio of 0.72.

About Pernod Ricard

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.