Remy Cointreau (OTCMKTS:REMYY) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Remy Cointreau (OTCMKTS:REMYY) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.64 and traded as low as $4.84. Remy Cointreau shares last traded at $4.85, with a volume of 9,229 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on REMYY. Morgan Stanley reiterated an “underweight” rating on shares of Remy Cointreau in a research note on Tuesday, August 12th. The Goldman Sachs Group cut shares of Remy Cointreau to a “neutral” rating in a report on Friday, October 31st. Finally, Citigroup reiterated a “buy” rating on shares of Remy Cointreau in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Remy Cointreau Stock Down 0.5%

The company’s 50 day moving average is $5.45 and its 200 day moving average is $5.64. The company has a quick ratio of 0.32, a current ratio of 2.76 and a debt-to-equity ratio of 0.29.

About Remy Cointreau

Rémy Cointreau SA, together with its subsidiaries, engages in the production, sale, and distribution of liqueurs and spirits. It operates through Rémy Martin, Liqueurs & Spirits, and Partner Brands segments. The company offers cognacs, liqueurs, single malt whiskies, gins, rums, brandies, wines, and champagnes primarily under the Cointreau, Metaxa, St-Rémy, Mount Gay, Bruichladdich, The Botanist, Westland, Le Domaine des Hautes Glaces, Belle de Brillet, Telmont, Port Charlotte, Octomore, Rémy Martin, and LOUIS XIII brands.