Pernod Ricard (OTCMKTS:PRNDY) Sees Strong Trading Volume – Here’s Why

Shares of Pernod Ricard SA (OTCMKTS:PRNDY) saw an uptick in trading volume on Wednesday . 1,595,023 shares were traded during mid-day trading, an increase of 129% from the previous session’s volume of 697,620 shares.The stock last traded at $13.47 and had previously closed at $13.81.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Pernod Ricard from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Pernod Ricard Trading Down 2.5%

The firm’s 50 day simple moving average is $14.99 and its 200 day simple moving average is $14.96. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.83 and a current ratio of 2.33.

About Pernod Ricard

Pernod Ricard is a France-based producer and distributor of wines and spirits. The company’s portfolio includes internationally recognized brands such as Absolut vodka, Jameson Irish whiskey, Chivas Regal, Ballantine’s and The Glenlivet Scotch whiskies, Martell cognac, Havana Club rum, Beefeater gin, Malibu, Mumm and Perrier-Jouët champagne, and Ricard anise-flavored aperitif.

The company sells its products through a broad global distribution network serving markets across Europe, North and South America, Asia-Pacific, Africa and other regions.