Pernod Ricard (OTCMKTS:PRNDY) Sees Strong Trading Volume – Still a Buy?

Shares of Pernod Ricard SA (OTCMKTS:PRNDY) saw unusually-high trading volume on Thursday . 4,676,448 shares traded hands during trading, an increase of 584% from the previous session’s volume of 683,752 shares.The stock last traded at $14.2550 and had previously closed at $14.57.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Pernod Ricard from a “hold” rating to a “strong sell” rating in a research note 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 stock. Based on data from MarketBeat.com, Pernod Ricard currently has a consensus rating of “Hold”.

Pernod Ricard Stock Up 0.7%

The company has a quick ratio of 0.83, a current ratio of 2.33 and a debt-to-equity ratio of 0.72. The stock has a 50 day simple moving average of $14.66 and a 200 day simple moving average of $15.99.

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.