Pernod Ricard (OTC:PRNDY) Shares Down 7.4% – Here’s Why

Pernod Ricard SA (OTC:PRNDY)’s stock price traded down 7.4% during mid-day trading on Wednesday . The company traded as low as $18.16 and last traded at $18.42. 213,028 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 566,868 shares. The stock had previously closed at $19.90.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. BNP Paribas Exane lowered shares of Pernod Ricard from a “hold” rating to a “strong sell” rating in a report on Monday, January 12th. Barclays raised shares of Pernod Ricard from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 11th. Three equities research analysts have rated the stock with a Strong Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Pernod Ricard Stock Down 7.4%

The business’s 50-day moving average is $18.22 and its two-hundred day moving average is $19.52. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.68 and a current ratio of 1.84.

About Pernod Ricard

Pernod Ricard SA produces and sells wines and spirits worldwide. The company offers whiskey, vodka, gin, rum, liqueur and bitters, champagne, tequila and mezcal, and aperitif under the brands 100 Pipers, Aberlour, Absolut, Absolut Elyx, Altos, ARARAT, Augier, Avion, Ballantine's, Becherovka, Beefeater, Blenders Pride, Brancott Estate, Campo Viejo, Ceder's, Chivas, Church Road, Clan Campbell, Del Maguey, George Wyndham, Green Spot, Havana Club, Imperial, Imperial Blue, Italicus, J.P. Wiser's, Jacob's Creek, Jameson, Jefferson's, Kahlúa, Kenwood, KI NO BI, Lillet, Long John, L'Orbe, Lot No.