Rémy Cointreau (OTCMKTS:REMYY) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Rémy Cointreau SA (OTCMKTS:REMYY)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.94 and traded as low as $5.72. Rémy Cointreau shares last traded at $5.76, with a volume of 62,296 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas cut shares of Rémy Cointreau from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 10th.

Rémy Cointreau Price Performance

The business’s 50 day moving average price is $6.74 and its 200-day moving average price is $7.94. The company has a quick ratio of 0.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.28.

Rémy 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.