Remy Cointreau (OTCMKTS:REMYY) Sees Large Volume Increase – Here’s What Happened

Shares of Remy Cointreau (OTCMKTS:REMYY) saw unusually-high trading volume on Tuesday . 44,033 shares traded hands during trading, an increase of 174% from the previous session’s volume of 16,076 shares.The stock last traded at $4.88 and had previously closed at $4.99.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on REMYY. UBS Group upgraded Remy Cointreau from a “sell” rating to a “neutral” rating in a research note on Monday, June 8th. Barclays reiterated an “underweight” rating on shares of Remy Cointreau in a research report on Thursday, April 9th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce”.

Remy Cointreau Price Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 2.79 and a quick ratio of 0.39. The stock has a fifty day moving average price of $4.75 and a 200 day moving average price of $4.60.

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.