Remy Cointreau (OTCMKTS:REMYY) Shares Gap Down – Here’s Why

Remy Cointreau (OTCMKTS:REMYY) shares gapped down prior to trading on Tuesday. The stock had previously closed at $5.72, but opened at $5.48. Remy Cointreau shares last traded at $5.48, with a volume of 212 shares traded.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein cut shares of Remy Cointreau to a “market perform” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Remy Cointreau currently has an average rating of “Reduce”.

Remy Cointreau Stock Down 3.8%

The company has a fifty day moving average of $5.10 and a 200-day moving average of $4.86. The company has a current ratio of 3.16, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35.

Remy Cointreau Company Profile

Rémy Cointreau is a France-based international spirits group that produces, markets and distributes premium and luxury alcoholic beverages. Its portfolio is organized around cognac, liqueurs, rum, whisky, gin, champagne and related spirits, with products sold through a combination of distributors, retailers, hospitality venues and e-commerce channels.

The company’s best-known brands include Rémy Martin and Louis XIII cognacs, Cointreau orange liqueur, Mount Gay rum, The Botanist gin, Bruichladdich and Westland whiskies, Metaxa Greek spirits, St-Rémy brandy and Telmont champagne.