Remy Cointreau (OTCMKTS:REMYY) Shares Gap Down - What's Next?

Key Points

• The shares of Remy Cointreau gapped down from a previous close of $7.23 to an opening price of $6.69 prior to trading on Monday.
• Analysts have mixed opinions on the stock, with Barclays upgrading it to a "hold" rating and Berenberg Bank giving it a "strong-buy" rating.
• Remy Cointreau announced a dividend of $0.0723 per share, set to be paid on October 16th, which represents a yield of 1.19%.

Remy Cointreau (OTCMKTS:REMYY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $7.23, but opened at $6.69. Remy Cointreau shares last traded at $6.69, with a volume of 252 shares changing hands.

Analyst Upgrades and Downgrades

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

Remy Cointreau Stock Down 6.8%

The company has a fifty day moving average price of $5.65 and a 200 day moving average price of $5.35. The company has a current ratio of 2.76, a quick ratio of 0.32 and a debt-to-equity ratio of 0.29.

Remy Cointreau Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, October 16th. Investors 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 1.19%.

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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