Pernod Ricard (OTCMKTS:PRNDY) Sets New 52-Week Low – What’s Next?

Pernod Ricard SA (OTCMKTS:PRNDY) reached a new 52-week low during trading on Friday. The stock traded as low as $13.3960 and last traded at $13.4440, with a volume of 103188 shares. The stock had previously closed at $13.49.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Pernod Ricard from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. One equities 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 data from MarketBeat, Pernod Ricard currently has an average rating of “Hold”.

Pernod Ricard Stock Performance

The company has a quick ratio of 0.83, a current ratio of 2.33 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average price of $14.93 and a two-hundred day moving average price of $14.91.

Pernod Ricard Company Profile

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.