Campari Group (OTCMKTS:DVDCF) Stock Jumps 9.1% – Here’s Why

Campari Group (OTCMKTS:DVDCF) shares rose 9.1% on Monday. The company traded as high as $7.4985 and last traded at $7.4985. Approximately 7,625 shares traded hands during mid-day trading, an increase of 2% from the average daily volume of 7,474 shares. The stock had previously closed at $6.8750.

Analysts Set New Price Targets

Separately, UBS Group raised shares of Campari Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 14th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, Campari Group presently has an average rating of “Buy”.

Campari Group Stock Up 4.9%

The company has a 50 day simple moving average of $6.86 and a 200-day simple moving average of $6.72. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.58 and a quick ratio of 1.09.

Campari Group Company Profile

Campari Group, formally Davide Campari-Milano N.V., is a global beverage company focused on premium spirits, wines and non-alcoholic aperitifs. Its portfolio includes internationally recognized brands such as Aperol, Campari, SKYY Vodka, Wild Turkey, Grand Marnier, Espolòn, Cynar, Cinzano, Crodino and The GlenGrant.

The company’s products span aperitifs, tequila, vodka, bourbon and other whiskies, cognac, sparkling wines, vermouth and specialty beverages. Campari Group markets and distributes its brands through a combination of owned production facilities, subsidiaries and commercial partnerships, serving consumers and hospitality customers across numerous international markets.

The business traces its origins to 1860, when Gaspare Campari created the bitter aperitif that became the company’s namesake.