Remy Cointreau (OTCMKTS:REMYY) Stock Price Passes Below 200 Day Moving Average - Here's Why

Key Points

• Remy Cointreau's stock price fell below its 200-day moving average, recently trading at $5.40 compared to the average of $5.52.
• The company recently announced a dividend of $0.0723 per share, with a dividend yield of 119.0%.
• Analysts' ratings for Remy Cointreau include one Strong Buy, one Buy, one Hold, and one Sell, resulting in an overall average rating of "Moderate Buy".

Shares of Remy Cointreau (OTCMKTS:REMYY - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.52 and traded as low as $5.37. Remy Cointreau shares last traded at $5.40, with a volume of 22,863 shares traded.

Analysts Set New Price Targets

REMYY has been the subject of several research analyst reports. Morgan Stanley restated an "underweight" rating on shares of Remy Cointreau in a report on Tuesday, August 12th. Citigroup restated a "buy" rating on shares of Remy Cointreau in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

Remy Cointreau Price Performance

The company has a current ratio of 2.76, a quick ratio of 0.32 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average price of $6.13 and a 200 day moving average price of $5.53.

Remy Cointreau Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, October 16th. Stockholders of record on Monday, July 28th will be issued a dividend of $0.0723 per share. This represents a dividend yield of 119.0%. The ex-dividend date of this dividend is Friday, July 25th.

Remy Cointreau Company Profile

Rémy Cointreau SA, together with its subsidiaries, engages in the production, sale, and distribution of liqueurs and spirits. It operates through Rémy Martin, Liqueurs & Spirits, and Partner Brands segments. The company offers cognacs, liqueurs, single malt whiskies, gins, rums, brandies, wines, and champagnes primarily under the Cointreau, Metaxa, St-Rémy, Mount Gay, Bruichladdich, The Botanist, Westland, Le Domaine des Hautes Glaces, Belle de Brillet, Telmont, Port Charlotte, Octomore, Rémy Martin, and LOUIS XIII brands.