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

Remy Cointreau (OTCMKTS:REMYY - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $5.37, but opened at $5.23. Remy Cointreau shares last traded at $5.21, with a volume of 6,887 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on REMYY shares. Berenberg Bank upgraded shares of Remy Cointreau to a "strong-buy" rating in a research report on Wednesday, April 2nd. Barclays raised shares of Remy Cointreau from a "strong sell" rating to a "hold" rating in a report on Thursday, May 1st.

Remy Cointreau Stock Performance

The stock has a 50 day moving average of $5.32 and a 200 day moving average of $5.41.

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.