Remy Cointreau (OTCMKTS:REMYY) Sees Strong Trading Volume – Here’s What Happened

Shares of Remy Cointreau (OTCMKTS:REMYY) saw unusually-strong trading volume on Tuesday . Approximately 19,871 shares were traded during mid-day trading, an increase of 32% from the previous session’s volume of 15,077 shares.The stock last traded at $5.27 and had previously closed at $5.1050.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on REMYY. UBS Group downgraded shares of Remy Cointreau from a “hold” rating to a “sell” rating in a report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Remy Cointreau in a research note on Friday, November 28th. Finally, The Goldman Sachs Group downgraded Remy Cointreau to a “neutral” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Remy Cointreau Stock Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 2.79 and a quick ratio of 0.39. The firm has a 50 day moving average price of $4.49 and a 200 day moving average price of $5.18.

Remy Cointreau Company Profile

Rémy Cointreau is a French spirits group specializing in the production and distribution of premium and super-premium alcoholic beverages. The company’s core activities center on cognacs, liqueurs, single malt Scotch whiskies and innovative craft spirits. Through its integrated production network and dedicated cellar masters, Rémy Cointreau maintains rigorous quality standards from distillation and aging to bottling and distribution.

The group’s flagship brands include Rémy Martin and Louis XIII cognacs, recognized worldwide for their heritage and craftsmanship, as well as Cointreau, a leading triple-sec liqueur.