Remy Cointreau (OTCMKTS:REMYY) Stock Passes Below 200 Day Moving Average – Here’s Why

Shares of Remy Cointreau (OTCMKTS:REMYY) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.40 and traded as low as $5.15. Remy Cointreau shares last traded at $5.16, with a volume of 7,717 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on REMYY shares. Barclays upgraded shares of Remy Cointreau from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 1st. Berenberg Bank raised shares of Remy Cointreau to a “strong-buy” rating in a report on Wednesday, April 2nd.

Remy Cointreau Stock Down 0.9%

The stock’s fifty day simple moving average is $5.33 and its 200-day simple moving average is $5.40.

About Remy Cointreau

Rémy Cointreau SA, together with its subsidiaries, engages in the production, sale, and distribution of liqueurs and spirits. It operates through Rémy Martin, Liqueurs & Spirits, and Partner Brands segments. The company offers cognacs, liqueurs, single malt whiskies, gins, rums, brandies, wines, and champagnes primarily under the Cointreau, Metaxa, St-Rémy, Mount Gay, Bruichladdich, The Botanist, Westland, Le Domaine des Hautes Glaces, Belle de Brillet, Telmont, Port Charlotte, Octomore, Rémy Martin, and LOUIS XIII brands.