Remy Cointreau (OTCMKTS:REMYY) Hits New 1-Year High – Time to Buy?

Remy Cointreau (OTCMKTS:REMYY) shares hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $5.84 and last traded at $5.84, with a volume of 5,532 shares changing hands. The stock had previously closed at $5.79.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein downgraded Remy Cointreau to a “market perform” rating in a report on Tuesday, October 27th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Remy Cointreau currently has an average rating of “Reduce”.

Remy Cointreau Stock Performance

The business’s 50-day moving average price is $5.18 and its 200 day moving average price is $4.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 3.16.

About Remy Cointreau

Rémy Cointreau is a French spirits group that develops, produces and markets premium spirits. Its portfolio spans cognac, liqueurs, rum, whisky and gin, with brands including Rémy Martin and Louis XIII cognacs, Cointreau liqueur, Mount Gay rum, Bruichladdich whisky and The Botanist gin. The group was formed in 1990 through the merger of the Rémy Martin and Cointreau businesses. The Rémy Martin house traces its origins to 1724, while Cointreau was founded in 1849. Headquartered in France, Rémy Cointreau serves customers in markets around the world through its international brand and distribution operations.