Remy Cointreau (OTCMKTS:REMYY) Sees Strong Trading Volume – Here’s Why

Shares of Remy Cointreau (OTCMKTS:REMYY) saw unusually-strong trading volume on Monday . Approximately 15,342 shares changed hands during trading, an increase of 213% from the previous session’s volume of 4,896 shares.The stock last traded at $4.2150 and had previously closed at $4.23.

Analysts Set New Price Targets

Several research firms recently commented on REMYY. UBS Group cut Remy Cointreau from a “hold” rating to a “sell” rating in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Remy Cointreau in a research report on Friday, November 28th. Finally, The Goldman Sachs Group lowered shares of Remy Cointreau to a “neutral” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Remy Cointreau Stock Performance

The company’s fifty day simple moving average is $4.51 and its two-hundred day simple moving average is $5.36. 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.