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Remy Cointreau (OTCMKTS:REMYY) Share Price Crosses Above 50 Day Moving Average - Here's Why

Remy Cointreau logo with Consumer Staples background

Key Points

  • Remy Cointreau's stock price has surpassed its 50-day moving average, trading at $6.19, which is higher than the average of $5.83.
  • Barclays has upgraded Remy Cointreau from a "strong sell" to a "hold" rating, reflecting a shift in investment sentiment.
  • The company declared a dividend of $0.0723 per share, with a significant yield of 119.0%, to be paid on October 16th.
  • Looking to export and analyze Remy Cointreau data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Remy Cointreau (OTCMKTS:REMYY - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $5.83 and traded as high as $6.19. Remy Cointreau shares last traded at $6.19, with a volume of 204 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on REMYY. Barclays upgraded shares of Remy Cointreau from a "strong sell" rating to a "hold" rating in a report on Thursday, May 1st. Morgan Stanley reiterated an "underweight" rating on shares of Remy Cointreau in a research report on Tuesday.

Get Our Latest Stock Report on REMYY

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 moving average is $5.88 and its 200-day moving average is $5.40.

Remy Cointreau Cuts Dividend

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

About Remy Cointreau

(Get Free Report)

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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