Pernod Ricard (OTC:PRNDY) Trading Up 1.4% - Still a Buy?

Key Points

• Pernod Ricard's share price increased by 1.4%, trading at $23.53, with a significant decline in trading volume of 69% compared to its average.
• The company recently cut its dividend, announcing a payout of $0.4302, which offered a yield of 374.0% to shareholders of record.
• Pernod Ricard maintains a strong financial position with a debt-to-equity ratio of 0.68 and a current ratio of 1.84, indicating solid liquidity.

Shares of Pernod Ricard SA (OTC:PRNDY - Get Free Report) were up 1.4% during mid-day trading on Thursday . The company traded as high as $23.95 and last traded at $23.53. Approximately 132,915 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 433,013 shares. The stock had previously closed at $23.19.

Pernod Ricard Stock Down 2.9%

The business has a 50 day moving average price of $22.03 and a 200-day moving average price of $21.35. The company has a quick ratio of 0.68, a current ratio of 1.84 and a debt-to-equity ratio of 0.68.

Pernod Ricard Cuts Dividend

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

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.