Remy Cointreau (OTCMKTS:REMYY) Shares Up 10.6% – Here’s What Happened

Remy Cointreau (OTCMKTS:REMYY)’s share price rose 10.6% during trading on Friday . The stock traded as high as $4.83 and last traded at $4.7770. Approximately 5,310 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 31,120 shares. The stock had previously closed at $4.32.

Analyst Ratings Changes

REMYY has been the topic of a number of recent analyst reports. UBS Group lowered shares of Remy Cointreau from a “hold” rating to a “sell” rating in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Remy Cointreau in a research note on Friday, November 28th. Finally, The Goldman Sachs Group cut Remy Cointreau to a “neutral” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Remy Cointreau Price Performance

The company has a current ratio of 2.79, a quick ratio of 0.39 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average is $4.47 and its 200-day moving average is $5.35.

About Remy Cointreau

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.