Remy Cointreau (OTCMKTS:REMYY) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Remy Cointreau (OTCMKTS:REMYY)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $4.50 and traded as high as $4.72. Remy Cointreau shares last traded at $4.69, with a volume of 20,260 shares trading hands.

Analyst Ratings Changes

Separately, Barclays restated an “underweight” rating on shares of Remy Cointreau in a research note on Thursday, April 9th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Remy Cointreau Price Performance

The business’s 50 day moving average price is $4.52 and its 200 day moving average price is $4.57. The company has a quick ratio of 0.39, a current ratio of 2.79 and a debt-to-equity ratio of 0.31.

Remy Cointreau Company Profile

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.