Remy Cointreau (OTCMKTS:REMYY) Shares Gap Down - Should You Sell?

Key Points

• Remy Cointreau shares gapped down at market open, falling from a previous close of $5.99 to an opening of $5.78, before trading at $5.83 with low volume.
• Equity analysts have varied ratings on the stock, with Morgan Stanley issuing an "underweight" rating, while Citigroup maintains a "buy" rating, leading to a consensus rating of "Hold."
• The company has announced a dividend of $0.0723 per share with a significant yield of 119.0%, set to be paid on October 16th.

Shares of Remy Cointreau (OTCMKTS:REMYY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $5.99, but opened at $5.78. Remy Cointreau shares last traded at $5.83, with a volume of 1,005 shares.

Analyst Ratings Changes

Several brokerages have recently weighed in on REMYY. Citigroup reiterated a "buy" rating on shares of Remy Cointreau in a report on Wednesday, September 3rd. Morgan Stanley reiterated an "underweight" rating on shares of Remy Cointreau in a report on Tuesday, August 12th. 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 stock. According to data from MarketBeat, Remy Cointreau currently has a consensus rating of "Moderate Buy".

Remy Cointreau Price Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 2.76 and a quick ratio of 0.32. The company's 50-day simple moving average is $6.19 and its 200-day simple moving average is $5.52.

Remy Cointreau Cuts Dividend

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