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

Key Points

• Remy Cointreau shares opened at $5.40 after closing at $5.61, reflecting a 4.1% drop in stock price prior to trading on Tuesday.
• The company currently has a consent rating of "Moderate Buy", with mixed ratings from analysts including one Strong Buy, one Buy, and one Sell.
• Remy Cointreau declared a dividend of $0.0723 per share, with a significant yield of 119.0% set to be paid on October 16th.

Remy Cointreau (OTCMKTS:REMYY - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $5.61, but opened at $5.40. Remy Cointreau shares last traded at $5.40, with a volume of 7,225 shares trading hands.

Analyst Upgrades and Downgrades

REMYY has been the subject of a number of research reports. Morgan Stanley reiterated 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 report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Remy Cointreau Stock Down 4.1%

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 50 day moving average price of $5.90 and a 200-day moving average price of $5.56.

Remy Cointreau Cuts Dividend

The firm also recently declared 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.

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