Pernod Ricard (OTCMKTS:PDRDF) Trading Down 1.8% – What’s Next?

Shares of Pernod Ricard SA (OTCMKTS:PDRDF) fell 1.8% on Friday . The stock traded as low as C$73.29 and last traded at C$75.64. 482 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 6,953 shares. The stock had previously closed at C$77.00.

Wall Street Analyst Weigh In

PDRDF has been the topic of several research reports. Morgan Stanley restated an “underweight” rating on shares of Pernod Ricard in a research note on Wednesday, February 25th. BNP Paribas Exane lowered shares of Pernod Ricard to an “underperform” rating in a research note on Monday, January 12th. Three investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Strong Sell”.

Pernod Ricard Trading Down 1.8%

The firm has a 50-day simple moving average of C$89.55 and a 200-day simple moving average of C$93.55.

Pernod Ricard Company Profile

Pernod Ricard SA (OTCMKTS:PDRDF) is a French multinational company specializing in the production, distribution and marketing of wines and spirits. The company’s portfolio spans a broad range of premium brands, including whiskies such as Chivas Regal and The Glenlivet, cognacs under the Martell label, vodkas like Absolut, and tequilas including Olmeca. In addition to these core offerings, Pernod Ricard markets rosé and sparkling wines, liqueurs and ready-to-drink cocktails, positioning itself among the world’s leading producers in the beverage alcohol industry.

Formed in 1975 through the merger of Pernod and Ricard—two well-established French distillers—the organization has grown organically and through targeted acquisitions to extend its global footprint.