Remy Cointreau (OTCMKTS:REMYY) Trading Down 8% – Time to Sell?

Remy Cointreau (OTCMKTS:REMYY) shares fell 8% during mid-day trading on Wednesday . The stock traded as low as $4.72 and last traded at $4.72. 4,714 shares were traded during trading, a decline of 66% from the average session volume of 13,986 shares. The stock had previously closed at $5.13.

Analysts Set New Price Targets

REMYY has been the subject of a number of analyst reports. UBS Group downgraded Remy Cointreau from a “hold” rating to a “sell” rating in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Remy Cointreau in a research note on Friday, November 28th. Finally, The Goldman Sachs Group downgraded shares of Remy Cointreau to a “neutral” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Remy Cointreau Trading Down 5.8%

The business has a fifty day moving average of $4.71 and a two-hundred day moving average of $5.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.39 and a current ratio of 2.79.

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.