Campari Group (OTCMKTS:DVDCF) Shares Gap Down - What's Next?

Key Points

• Campari Group's share price dropped from $7.45 to $6.90 before trading at $7.06, indicating a significant gap down.
• Analysts have mixed views, with Berenberg Bank upgrading the stock to a "strong-buy" rating, while Deutsche Bank maintains a "hold" rating.
• The company has a current ratio of 2.37 and a debt-to-equity ratio of 0.65, reflecting a stable financial position despite the stock's recent decline.

Shares of Campari Group (OTCMKTS:DVDCF - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $7.45, but opened at $6.90. Campari Group shares last traded at $7.06, with a volume of 200 shares traded.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Campari Group in a research report on Monday, May 12th.

Campari Group Stock Performance

The business's 50-day simple moving average is $6.86 and its 200 day simple moving average is $6.37. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.99 and a current ratio of 2.37.

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.