Campari Group (OTCMKTS:DVDCF) Shares Gap Down – Here’s Why

Shares of Campari Group (OTCMKTS:DVDCF) gapped down before the market opened on Monday . The stock had previously closed at $7.30, but opened at $6.90. Campari Group shares last traded at $6.90, with a volume of 400 shares trading hands.

Analyst Ratings Changes

Separately, Barclays raised Campari Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Campari Group Stock Down 5.0%

The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.89. The business’s 50 day simple moving average is $7.27 and its 200 day simple moving average is $6.89.

Campari Group Company Profile

Campari Group is an Italian-based global beverage company specializing in the production, marketing and distribution of premium spirits and wines. Founded in Milan in 1860 by Gaspare Campari, the company has built a diversified portfolio of iconic brands that span various categories, including aperitifs, liqueurs, vodka, whiskey, rum, gin and ready-to-drink (RTD) cocktails.

The company’s flagship product, Campari, is a bright red, bittersweet aperitif known for its distinctive taste and versatility in classic cocktails such as the Negroni and Americano.