Remy Cointreau (OTCMKTS:REMYY) Shares Cross Above 50 Day Moving Average – Here’s Why

Remy Cointreau (OTCMKTS:REMYY)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.67 and traded as high as $5.2130. Remy Cointreau shares last traded at $5.1650, with a volume of 6,925 shares.

Analysts Set New Price Targets

REMYY has been the subject of several recent research reports. Barclays reissued an “underweight” rating on shares of Remy Cointreau in a report on Thursday, April 9th. UBS Group raised shares of Remy Cointreau from a “sell” rating to a “neutral” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

Remy Cointreau Trading Up 0.9%

The company has a current ratio of 2.79, a quick ratio of 0.39 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average is $4.67 and its 200 day moving average is $4.57.

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.