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

Key Points

• Remy Cointreau's stock price gapped down from $6.35 to $6.18, with a trading volume of 1,500 shares, indicating a **3.3% decline** prior to trading on Friday.
• Analysts have mixed opinions on Remy Cointreau, with Barclays upgrading its rating from "strong sell" to "hold," while Morgan Stanley maintains an "underweight" rating, leading to a consensus rating of **"Hold."**
• The company announced a **dividend payment** of $0.0723 per share, with a yield of **119.0%**, payable on October 16th to investors of record as of July 28th.

Remy Cointreau (OTCMKTS:REMYY - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $6.35, but opened at $6.18. Remy Cointreau shares last traded at $6.18, with a volume of 1,500 shares trading hands.

Analysts Set New Price Targets

REMYY has been the topic of several recent analyst reports. Barclays raised Remy Cointreau from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 1st. Morgan Stanley reaffirmed an "underweight" rating on shares of Remy Cointreau in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Remy Cointreau presently has a consensus rating of "Hold".

Remy Cointreau Stock Down 3.3%

The company has a quick ratio of 0.32, a current ratio of 2.76 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average price of $6.05 and a two-hundred day moving average price of $5.46.

Remy Cointreau Cuts Dividend

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

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.

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