Pernod Ricard (OTCMKTS:PDRDF) Trading Down 1.8% – What’s Next?

Shares of Pernod Ricard SA (OTCMKTS:PDRDF) were down 1.8% during trading on Friday . The company traded as low as C$73.29 and last traded at C$75.64. Approximately 482 shares were traded during trading, a decline of 93% from the average daily volume of 6,953 shares. The stock had previously closed at C$77.00.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. BNP Paribas Exane lowered shares of Pernod Ricard to an “underperform” rating in a research report on Monday, January 12th. Morgan Stanley restated an “underweight” rating on shares of Pernod Ricard in a research report on Wednesday, February 25th. Three investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Strong Sell”.

Pernod Ricard Stock Performance

The stock’s 50-day moving average price is C$89.55 and its 200 day moving average price is C$93.55.

About Pernod Ricard

Pernod Ricard SA (OTCMKTS:PDRDF) is a French multinational company specializing in the production, distribution and marketing of wines and spirits. The company’s portfolio spans a broad range of premium brands, including whiskies such as Chivas Regal and The Glenlivet, cognacs under the Martell label, vodkas like Absolut, and tequilas including Olmeca. In addition to these core offerings, Pernod Ricard markets rosé and sparkling wines, liqueurs and ready-to-drink cocktails, positioning itself among the world’s leading producers in the beverage alcohol industry.

Formed in 1975 through the merger of Pernod and Ricard—two well-established French distillers—the organization has grown organically and through targeted acquisitions to extend its global footprint.