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

Remy Cointreau (OTCMKTS:REMYY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $4.2050, but opened at $4.07. Remy Cointreau shares last traded at $4.24, with a volume of 7,196 shares.

Analysts Set New Price Targets

Several research firms have recently commented on REMYY. Citigroup reissued a “buy” rating on shares of Remy Cointreau in a report on Wednesday, September 3rd. UBS Group downgraded Remy Cointreau from a “hold” rating to a “sell” rating in a report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Remy Cointreau in a research report on Friday, November 28th. Finally, The Goldman Sachs Group cut shares of Remy Cointreau to a “neutral” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Remy Cointreau Trading Up 0.9%

The company has a debt-to-equity ratio of 0.31, a current ratio of 2.79 and a quick ratio of 0.39. The company has a fifty day simple moving average of $4.78 and a two-hundred day simple moving average of $5.45.

Remy Cointreau Company Profile

Rémy Cointreau is a French spirits group specializing in the production and distribution of premium and super-premium alcoholic beverages. The company’s core activities center on cognacs, liqueurs, single malt Scotch whiskies and innovative craft spirits. Through its integrated production network and dedicated cellar masters, Rémy Cointreau maintains rigorous quality standards from distillation and aging to bottling and distribution.

The group’s flagship brands include Rémy Martin and Louis XIII cognacs, recognized worldwide for their heritage and craftsmanship, as well as Cointreau, a leading triple-sec liqueur.