Pernod Ricard (OTCMKTS:PRNDY) Sees Large Volume Increase – Still a Buy?

Pernod Ricard SA (OTCMKTS:PRNDYGet Free Report) shares saw an uptick in trading volume on Thursday . 2,598,094 shares were traded during mid-day trading, an increase of 274% from the previous session’s volume of 694,031 shares.The stock last traded at $13.8040 and had previously closed at $13.85.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Pernod Ricard from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Read Our Latest Stock Analysis on PRNDY

Pernod Ricard Trading Up 0.1%

The company has a quick ratio of 0.83, a current ratio of 2.33 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average price of $15.10 and a 200 day moving average price of $15.22.

Pernod Ricard Company Profile

(Get Free Report)

Pernod Ricard is a France-based producer and distributor of wines and spirits. The company’s portfolio includes internationally recognized brands such as Absolut vodka, Jameson Irish whiskey, Chivas Regal, Ballantine’s and The Glenlivet Scotch whiskies, Martell cognac, Havana Club rum, Beefeater gin, Malibu, Mumm and Perrier-Jouët champagne, and Ricard anise-flavored aperitif.

The company sells its products through a broad global distribution network serving markets across Europe, North and South America, Asia-Pacific, Africa and other regions.

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