Campari Group (OTCMKTS:DVDCF) Shares Gap Down - Here's Why

Key Points

• Campari Group shares experienced a gap down from a previous close of $6.89 to open at $6.56, with current trading showing a volume of 527 shares.
• Royal Bank Of Canada upgraded Campari Group from a "strong sell" to a "hold" rating, contributing to a consensus rating of "Moderate Buy" from analysts.
• The company's fifty-day moving average price stands at $7.38, indicating a potential decline from this technical perspective.

Campari Group (OTCMKTS:DVDCF - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $6.89, but opened at $6.56. Campari Group shares last traded at $6.56, with a volume of 527 shares.

Analyst Ratings Changes

Separately, Royal Bank Of Canada upgraded Campari Group from a "strong sell" rating to a "hold" rating in a research note on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Campari Group Stock Performance

The company has a current ratio of 2.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.65. The company has a fifty day simple moving average of $7.37 and a 200 day simple moving average of $6.77.

Campari Group Company Profile

Davide Campari-Milano N.V., together with its subsidiaries, markets and distributes alcoholic and non-alcoholic beverages in the Americas, the Middle East, Africa, Europe, and the Asia-Pacific. It offers a range of spirits categories, including aperitif, vodka, liqueurs, whisky, tequila, rum, Sparkling wine, mezcal, champagne, gin, and cognac, as well as ready to drink and non-alcoholic aperitif under the Aperol, Campari, SKYY, Wild Turkey, Grand Marnier, Jamaican Rums, Espolòn, Sparkling Wine&Vermouth, Crodino, The GlenGrant, Magnum Tonic Wine, Montelobos, Ancho Reyes, Lallier, Forty Creek, X-Rated, and other brands.