Davide Campari-Milano (OTCMKTS:DVDCF) Stock Price Up 2.9% – Here’s Why

Davide Campari-Milano (OTCMKTS:DVDCF) shares shot up 2.9% during trading on Thursday . The company traded as high as $6.50 and last traded at $6.50. 8,400 shares were traded during trading, a decline of 30% from the average session volume of 11,975 shares. The stock had previously closed at $6.32.

Analyst Ratings Changes

DVDCF has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Davide Campari-Milano in a research note on Monday, May 12th. UBS Group lowered shares of Davide Campari-Milano from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 6th. Berenberg Bank raised Davide Campari-Milano to a “strong-buy” rating in a report on Wednesday, April 2nd. Finally, Royal Bank of Canada restated an “underperform” rating on shares of Davide Campari-Milano in a research report on Friday, March 7th.

Davide Campari-Milano Price Performance

The company has a debt-to-equity ratio of 0.65, a current ratio of 2.61 and a quick ratio of 1.06. The stock’s fifty day simple moving average is $6.26 and its two-hundred day simple moving average is $6.14.

Davide Campari-Milano Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, April 24th. Investors of record on Wednesday, April 23rd were issued a dividend of $0.065 per share. This represents a yield of 1.18%. The ex-dividend date was Tuesday, April 22nd.

Davide Campari-Milano Company Profile

Davide Campari-Milano N.V., together with its subsidiaries, markets and distributes alcoholic and non-alcoholic beverages in the Americas, the Middle East, Africa, Europe, and the Asia-Pacific. It offers a range of spirits categories, including aperitif, vodka, liqueurs, whisky, tequila, rum, Sparkling wine, mezcal, champagne, gin, and cognac, as well as ready to drink and non-alcoholic aperitif under the Aperol, Campari, SKYY, Wild Turkey, Grand Marnier, Jamaican Rums, Espolòn, Sparkling Wine&Vermouth, Crodino, The GlenGrant, Magnum Tonic Wine, Montelobos, Ancho Reyes, Lallier, Forty Creek, X-Rated, and other brands.