Campari Group (OTCMKTS:DVDCF) Stock Price Up 9.1% – Here’s Why

Campari Group (OTCMKTS:DVDCF) rose 9.1% during trading on Monday. The stock traded as high as $7.4985 and last traded at $7.4985. 7,625 shares were traded during mid-day trading, an increase of 2% from the average daily volume of 7,474 shares. The stock had previously closed at $6.8750.

Analyst Upgrades and Downgrades

Separately, UBS Group raised Campari Group from a “hold” rating to a “strong-buy” rating in a report on Monday, September 14th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

Campari Group Stock Up 4.9%

The business’s 50-day moving average price is $6.86 and its 200 day moving average price is $6.72. The company has a current ratio of 2.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.60.

Campari Group Company Profile

Campari Group, formally Davide Campari-Milano N.V., is a global beverage company focused on premium spirits, wines and non-alcoholic aperitifs. Its portfolio includes internationally recognized brands such as Aperol, Campari, SKYY Vodka, Wild Turkey, Grand Marnier, Espolòn, Cynar, Cinzano, Crodino and The GlenGrant.

The company’s products span aperitifs, tequila, vodka, bourbon and other whiskies, cognac, sparkling wines, vermouth and specialty beverages. Campari Group markets and distributes its brands through a combination of owned production facilities, subsidiaries and commercial partnerships, serving consumers and hospitality customers across numerous international markets.

The business traces its origins to 1860, when Gaspare Campari created the bitter aperitif that became the company’s namesake.