Pernod Ricard (OTC:PRNDY) Hits New 52-Week Low – Here’s Why

Pernod Ricard SA (OTC:PRNDY)’s share price hit a new 52-week low on Monday . The company traded as low as $15.46 and last traded at $15.51, with a volume of 34027 shares changing hands. The stock had previously closed at $15.61.

Analysts Set New Price Targets

Several research firms have recently issued reports on PRNDY. BNP Paribas Exane downgraded shares of Pernod Ricard from a “hold” rating to a “strong sell” rating in a report on Monday, January 12th. Barclays upgraded shares of Pernod Ricard from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Zacks Research upgraded Pernod Ricard from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Three research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Pernod Ricard Stock Performance

The business has a fifty day simple moving average of $18.18 and a two-hundred day simple moving average of $18.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.68 and a current ratio of 1.84.

Pernod Ricard Company Profile

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.