Pernod Ricard (OTCMKTS:PRNDY) Reaches New 52-Week Low - Time to Sell?

Key Points

• Pernod Ricard hit a new 52-week low of $14.64 on Monday, last trading at $14.6601 on a volume of 47,099 shares (previous close $14.80).
• The stock is trading well below its trendlines with a 50-day moving average of $17.98 and a 200-day moving average of $18.71; the company reports a current ratio of 1.91, quick ratio of 0.60 and debt-to-equity of 0.66.
• Analysts are mixed after recent shifts—Barclays upgraded to "strong-buy" and Zacks moved to "hold" while BNP Paribas Exane downgraded to "strong sell"—but the consensus across five analysts results in an average rating of Buy.

Pernod Ricard SA (OTCMKTS:PRNDY - Get Free Report)'s stock price hit a new 52-week low on Monday . The company traded as low as $14.64 and last traded at $14.6601, with a volume of 47099 shares trading hands. The stock had previously closed at $14.80.

Analyst Ratings Changes

A number of research analysts have issued reports on PRNDY shares. Barclays raised Pernod Ricard from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 11th. Zacks Research raised shares of Pernod Ricard from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 24th. Finally, BNP Paribas Exane downgraded shares of Pernod Ricard from a "hold" rating to a "strong sell" rating in a report on Monday, January 12th. Three investment analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy".

Pernod Ricard Stock Performance

The stock has a 50-day moving average of $17.98 and a 200 day moving average of $18.71. The company has a current ratio of 1.91, a quick ratio of 0.60 and a debt-to-equity ratio of 0.66.

About Pernod Ricard

Pernod Ricard SA produces and sells wines and spirits worldwide. The company offers whiskey, vodka, gin, rum, liqueur and bitters, champagne, tequila and mezcal, and aperitif under the brands 100 Pipers, Aberlour, Absolut, Absolut Elyx, Altos, ARARAT, Augier, Avion, Ballantine's, Becherovka, Beefeater, Blenders Pride, Brancott Estate, Campo Viejo, Ceder's, Chivas, Church Road, Clan Campbell, Del Maguey, George Wyndham, Green Spot, Havana Club, Imperial, Imperial Blue, Italicus, J.P. Wiser's, Jacob's Creek, Jameson, Jefferson's, Kahlúa, Kenwood, KI NO BI, Lillet, Long John, L'Orbe, Lot No.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.