Pernod Ricard (OTCMKTS:PRNDY) Sees Strong Trading Volume – Time to Buy?

Pernod Ricard SA (OTCMKTS:PRNDY) shares saw unusually-strong trading volume on Thursday . Approximately 2,598,094 shares were traded during trading, an increase of 274% from the previous session’s volume of 694,031 shares.The stock last traded at $13.8040 and had previously closed at $13.85.

Analyst Ratings Changes

Separately, Zacks Research raised 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 issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

Pernod Ricard Price Performance

The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.83 and a current ratio of 2.33. The company has a 50 day simple moving average of $15.14 and a 200 day simple moving average of $15.27.

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.