Pernod Ricard (OTCMKTS:PRNDY) Sees Unusually-High Trading Volume – Still a Buy?

Pernod Ricard SA (OTCMKTS:PRNDY) shares saw unusually-high trading volume on Monday . 1,306,370 shares traded hands during trading, an increase of 87% from the previous session’s volume of 697,092 shares.The stock last traded at $16.0650 and had previously closed at $15.91.

Analysts Set New Price Targets

Separately, Zacks Research lowered Pernod Ricard from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Pernod Ricard Trading Up 0.9%

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’s 50 day moving average price is $15.11 and its 200 day moving average price is $15.71.

About Pernod Ricard

Pernod Ricard SA produces and sells wines and spirits worldwide. The company offers whiskey, vodka, gin, rum, liqueur and bitters, champagne, tequila and mezcal, and aperitif under the brands 100 Pipers, Aberlour, Absolut, Absolut Elyx, Altos, ARARAT, Augier, Avion, Ballantine's, Becherovka, Beefeater, Blenders Pride, Brancott Estate, Campo Viejo, Ceder's, Chivas, Church Road, Clan Campbell, Del Maguey, George Wyndham, Green Spot, Havana Club, Imperial, Imperial Blue, Italicus, J.P. Wiser's, Jacob's Creek, Jameson, Jefferson's, Kahlúa, Kenwood, KI NO BI, Lillet, Long John, L'Orbe, Lot No.