Remy Cointreau (OTCMKTS:REMYY) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Remy Cointreau (OTCMKTS:REMYY) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.72 and traded as high as $5.82. Remy Cointreau shares last traded at $5.81, with a volume of 3,504 shares.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on REMYY shares. Citigroup reaffirmed a “buy” rating on shares of Remy Cointreau in a research report on Wednesday, September 3rd. Morgan Stanley reaffirmed an “underweight” rating on shares of Remy Cointreau in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Remy Cointreau Stock Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.32 and a current ratio of 2.76. The stock’s 50 day simple moving average is $5.72 and its two-hundred day simple moving average is $5.61.

Remy Cointreau Company Profile

Rémy Cointreau SA, together with its subsidiaries, engages in the production, sale, and distribution of liqueurs and spirits. It operates through Rémy Martin, Liqueurs & Spirits, and Partner Brands segments. The company offers cognacs, liqueurs, single malt whiskies, gins, rums, brandies, wines, and champagnes primarily under the Cointreau, Metaxa, St-Rémy, Mount Gay, Bruichladdich, The Botanist, Westland, Le Domaine des Hautes Glaces, Belle de Brillet, Telmont, Port Charlotte, Octomore, Rémy Martin, and LOUIS XIII brands.