Pernod Ricard (OTCMKTS:PRNDY) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Pernod Ricard SA (OTCMKTS:PRNDY)’s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $15.50 and traded as high as $15.60. Pernod Ricard shares last traded at $15.60, with a volume of 735,017 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Pernod Ricard from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Pernod Ricard has an average rating of “Hold”.

Pernod Ricard Stock Performance

The company’s 50 day simple moving average is $14.30 and its 200 day simple moving average is $15.47. The company has a quick ratio of 0.78, a current ratio of 2.47 and a debt-to-equity ratio of 0.73.

Pernod Ricard Company Profile

Pernod Ricard is a France-based international beverage company that produces, distributes and markets a broad portfolio of wines and spirits. Its offerings include whiskey, vodka, rum, gin, cognac, champagne, sparkling wine, tequila, liqueurs and anise-flavored spirits.

The company’s brand portfolio includes Absolut vodka, Jameson Irish whiskey, Chivas Regal, Ballantine’s, Royal Salute and The Glenlivet Scotch whiskies, Martell cognac, Havana Club rum, Beefeater gin, Malibu, Mumm and Perrier-Jouët champagnes, and Ricard pastis.