Remy Cointreau (OTCMKTS:REMYY) Shares Down 5.6% - Here's Why

Key Points

• Remy Cointreau's shares fell by 5.6%, with the stock trading as low as $5.41 during mid-day trading, significantly below its previous close of $5.82.
• The company has received mixed ratings from analysts, with one Strong Buy, one Buy, one Hold, and one Sell, leading to a consensus rating of "Moderate Buy."
• Remy Cointreau recently announced a dividend of $0.0723, yielding an impressive 119.0%, which is set to be paid on October 16th.

Remy Cointreau (OTCMKTS:REMYY - Get Free Report) shares dropped 5.6% during trading on Wednesday . The stock traded as low as $5.41 and last traded at $5.50. Approximately 4,415 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 46,621 shares. The stock had previously closed at $5.82.

Wall Street Analyst Weigh In

REMYY has been the topic of several research analyst reports. Morgan Stanley reissued an "underweight" rating on shares of Remy Cointreau in a report on Tuesday, August 12th. Citigroup reaffirmed a "buy" rating on shares of Remy Cointreau in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Remy Cointreau Trading Down 5.5%

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.32 and a current ratio of 2.76. The stock has a 50-day moving average of $6.20 and a 200 day moving average of $5.52.

Remy Cointreau Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, October 16th. Shareholders of record on Monday, July 28th will be given a $0.0723 dividend. The ex-dividend date is Friday, July 25th. This represents a yield of 119.0%.

About Remy Cointreau

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.

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