Campari Group (OTCMKTS:DVDCF) Shares Gap Up - Here's What Happened

Key Points

• Campari Group's stock price gapped up from $6.66 to $6.89 before trading, indicating positive momentum in the market.
• Royal Bank of Canada upgraded Campari Group's shares from a "strong sell" to a "hold" rating, contributing to an average rating of "Moderate Buy" across analysts.
• The company exhibits solid financial ratios, with a current ratio of 2.37 and a debt-to-equity ratio of 0.65, suggesting good liquidity and lower leverage risk.

Campari Group (OTCMKTS:DVDCF - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $6.66, but opened at $6.89. Campari Group shares last traded at $6.89, with a volume of 7,680 shares changing hands.

Wall Street Analysts Forecast Growth

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 research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Campari Group presently has an average rating of "Moderate Buy".

Campari Group Price Performance

The stock has a 50-day moving average of $7.37 and a 200 day moving average of $6.77. The company has a quick ratio of 0.99, a current ratio of 2.37 and a debt-to-equity ratio of 0.65.

About Campari Group

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.