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

Remy Cointreau (OTCMKTS:REMYY) gapped down before the market opened on Thursday . The stock had previously closed at $5.09, but opened at $4.80. Remy Cointreau shares last traded at $4.80, with a volume of 502 shares trading hands.

Wall Street Analysts Forecast Growth

REMYY has been the subject of several research analyst reports. UBS Group raised Remy Cointreau from a “sell” rating to a “neutral” rating in a report on Monday, June 8th. Barclays reissued an “underweight” rating on shares of Remy Cointreau in a report on Thursday, April 9th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Remy Cointreau Price Performance

The company has a current ratio of 3.16, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average is $4.79 and its 200-day moving average is $4.65.

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.