Pernod Ricard (OTC:PRNDY) Stock Price Down 1.1% - Should You Sell?

Key Points

• Pernod Ricard's stock price declined by 1.1% to $19.12, with a notable trading volume increase to approximately 978,457 shares, compared to an average of 414,645 shares.
• The company cut its dividend to $0.4302 per share, resulting in a significant yield of 374.0%, with the dividend paid out on August 22nd to eligible shareholders.
• Pernod Ricard's financial ratios indicate a current ratio of 1.84 and a debt-to-equity ratio of 0.68, suggesting a moderately healthy liquidity position despite the recent stock decline.

Shares of Pernod Ricard SA (OTC:PRNDY - ) dropped 1.1% during trading on Monday . The stock traded as low as $19.08 and last traded at $19.12. Approximately 978,457 shares changed hands during mid-day trading, an increase of 136% from the average daily volume of 414,645 shares. The stock had previously closed at $19.34.

Pernod Ricard Trading Down 1.1%

The company has a current ratio of 1.84, a quick ratio of 0.68 and a debt-to-equity ratio of 0.68. The company's fifty day simple moving average is $21.62 and its 200-day simple moving average is $21.30.

Pernod Ricard Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, August 22nd. Shareholders of record on Wednesday, July 23rd were issued a dividend of $0.4302 per share. This represents a yield of 374.0%. The ex-dividend date was Tuesday, July 22nd.

Pernod Ricard Company Profile

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.

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